ECB’s Centeno: Interest rates have risen too fast
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When asked about a possible 50 basis points (bps) rate hike in March, European Central Bank (ECB) policymaker Centeno said that “the decision must be based on data.” Adding that the “interest rates have risen too fast.”
“ECB should not rush to conclusions very fast.”
“Should heed lower inflation forecasts in March.”
At the time of writing, EUR/USD is trading 0.07% on the day at 1.0638.
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