ECB’s Centeno: There are many conditions for the rates increase to be less than 75 bps
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European Central Bank board member and Bank of Portugal Governor Mario Centeno, while speaking at a conference in Lisbon on Monday, said that “I don’t like to talk about increases before (meetings)…(but) I think there are many conditions for the rates increase to be less than that number (75 bps).”
“Rates in Europe continue to be roughly half those in the United States.”
“It is a good indicator of the difference between the two regions’ economic fundamentals.”
“Call for restraint in wage increases and company margins as this “could help the ECB a lot in combating inflation.”
EUR/USD pair was last seen trading at 1.0260, adding 0.21% on a daily basis.
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