ECB’s Kazimir: ECB will have to keep raising interest rates for longer than anticipated
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European Central Bank (ECB) policymaker Peter Kazimir said on Tuesday, “based on current data, the ECB will have to keep raising interest rates for longer than anticipated.“
“September projections earliest time to judge the effectiveness of measures and if inflation is moving towards target.”
“Core inflation, wage pressures, high-profit margins call for vigilance.”
“Slowing hikes lets the ECB to go higher for longer.”
“There’s plenty of ground left to cover.”
EUR/USD was last seen trading at 1.0975, down 0.25% on the day, uninspired by the hawkish ECB commentary.
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