ECB Policymakers flash mixed signals in their weekend speeches

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European Central Bank (ECB) officials crossed wires during the weekend and flashed mixed signals about the bloc’s monetary policy and it’s next moves.

Among them, ECB Vice President Luis de Guindos told an Italian newspaper that ECB interest rate hikes are in their final stretch. The policymaker also warned that higher borrowing costs could put stress on banks’ asset quality, even if indicators so far remain healthy.

Additionally, ECB policymaker Peter Kazimir said, “ECB may need to raise interest rates longer than previously thought to help tame inflationary pressures.”

Also read: EUR/USD licks its wounds around 1.0850 with eyes on EU economic projections, US debt ceiling talks

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