ECB’s Kazimir: We will have to stay at the peak for the next few quarters

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member Peter Kazimir said on Monday, “we will have to stay at the peak for the next few quarters, bets on rate cuts happening already in the first half of next year are entirely misplaced.”

Additional quotes

Voices coining end of rate hike cycle "should hold their horses", it’s too soon to declare victory and say the job’s done.

Upside inflation risks have yet to dissipate entirely, we must stay vigilant.

Additional tightening could come if incoming data force us.

I will eagerly await the December update of our inflation forecast to get a clearer picture; March is another milestone.

Market reaction

At the time of writing, EUR/USD is moving back and forth around 1.0550, awaiting the German growth and inflation data for a fresh direction.

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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