ECB’s Panetta: We have not reached the end of rate hike cycle
|European Central Bank (ECB) executive board member, Fabio Panetta, said on Friday, “we have not reached the end of the rate hike cycle.”
He added, “but we are not far away from it.”
Additional quotes
Debate will soon shift from level of interest rates to that of maintaining them over time.
We need to curb inflation without having too negative an impact on the economy.
Market reaction
At the time of writing, EUR/USD is modestly flat on the day at 1.0765, awaiting the US Nonfarm Payrolls data.
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