- Analytics
- News and Tools
- Market News
- ECB's Makhlouf: Question of judgement whether there would be further rates hikes after summer
ECB's Makhlouf: Question of judgement whether there would be further rates hikes after summer
European Central Bank (ECB) governing council member Gabriel Makhlouf said on Wednesday that key rates are likely to stay there once they reach the "top of the ladder of increasing interest rates," per Reuters.
"Again I'm not going to say how long that will be, but I know some people in markets are pricing in cuts in rates at the end of the year and I'd be interested in how they are coming to those judgements," Makhlouf further added. Regarding the rate outlook, he explained that it would be a "question of judgement" whether they will need to continue with rate hikes after summer.
Market reaction
EUR/USD clings to modest daily gains above 1.0700 following these comments.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
