ECB’s de Cos: Rate hikes unlikely in 2022

Dhwani Mehta FXStreet

In an interview with Expansion, European Central Bank (ECB) Governing Council member and Spanish central bank chief Pablo Hernandez de Cos said that rate hikes are unlikely in 2022.

Additional quotes

"There are no conditions to raise rates in 2022."

“Support the decision to end the pandemic stimuli.”

“Ensure that monetary policy will continue to be expansionary.”

Market reaction

EUR/USD keeps its range around 1.1250 on these comments, adding 0.08% on a daily basis.

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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