ECB's Centeno tilts hat towards an end of the interest rate rise process

Ross J Burland FXStreet

Reuters reported that the European Central Bank's governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end.

''The central banker, who was answering Portuguese legislators during a committee hearing in Lisbon, added even though inflation may have some resistance in January and February it will resume falling in March.''

Key notes

We are approaching the end of the interest rate rise process.

Inflation may have some resistance in January and February but will fall again in March.

EUR/USD update

EUR/USD Price Analysis: Bulls could be running into a trap

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Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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