ECB’s Elderson: Policy rates have not necessarily peaked
|European Central Bank (ECB) board member Frank Elderson said in an interview with Market News International on Wednesday, interest rates could still go higher, if necessary.
Key quotes
"Does that mean policy rates have peaked? Not necessarily.”
"What we’re seeing is a more protracted period of sluggish growth than we were expecting.”
"It’s also true that our primary mandate is to deliver price stability, and I think we have proven we are very determined to do that."
Market reaction
At the press time, EUR/USD is trading flat at around 1.0570, reversing losses amid an upbeat mood and a pause in the US Dollar uptrend.
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.