- Analytics
- News and Tools
- Market News
- ECB’s Kazimir: We will have to stay at the peak for the next few quarters
ECB’s Kazimir: We will have to stay at the peak for the next few quarters
European Central Bank (ECB) Governing Council member Peter Kazimir said on Monday, “we will have to stay at the peak for the next few quarters, bets on rate cuts happening already in the first half of next year are entirely misplaced.”
Additional quotes
Voices coining end of rate hike cycle "should hold their horses", it’s too soon to declare victory and say the job’s done.
Upside inflation risks have yet to dissipate entirely, we must stay vigilant.
Additional tightening could come if incoming data force us.
I will eagerly await the December update of our inflation forecast to get a clearer picture; March is another milestone.
Market reaction
At the time of writing, EUR/USD is moving back and forth around 1.0550, awaiting the German growth and inflation data for a fresh direction.
© 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
