ECB’s de Cos: No interest rate increase expected in 2022

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member and Spanish central bank chief Pablo Hernandez de Cos said Thursday that he doesn’t expect any interest rate hike this year.

Last month, de Cos said that "there are no conditions to raise rates in 2022,” adding that the ECB will ensure that monetary policy will continue to be expansionary.”

Market reaction

EUR/USD is trading 0.07% on the day at 1.1348, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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