ECB’s De Cos: Market expectations do not foresee a rate hike in 2023
|The European Central Bank Governing Council member Pablo Hernandez de Cos was out with some comments in the last hour, saying that the recent reversal in bond yields highlights uncertainty. Market expectations do not foresee an interest rate hike in the Eurozone in 2023. Conclusion of FT report incompatible with ECB guidance, De Cos added further.
Market reaction
The shared currency moved little in reaction to the latest remarks. Meanwhile, the EUR/USD pair held on to its modest intraday gains near the 1.1775-80 region and remains at the mercy of the USD price dynamics.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.