ECB’s Kazimir: We should continue in raising rates, possibly at slower pace
|“We should continue in raising rates, possibly at a slower pace,” European Central Bank (ECB) policymaker Peter Kazimir said on Wednesday.
Also read: ECB’s Kazimir: We are ready to take any steps to secure price and financial stability in Eurozone
Further comments
“We agreed we will not give guidance about the May European Central Bank (ECB) policy meeting,”
“I think inflation is too high for too long.
“Core inflation will be key in nearest decisions.”
“We will take into account the financial markets situation.”
“There is a genuine danger that banks will cut back on lending.”
Market reaction
EUR/USD is trading in a tight range at around 1.0830, down 0.05% on the day. The ECB-speak fail to move the needle around the Euro.
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