ECB's Kazimir charged with corruption – Reuters

Eren Sengezer FXStreet

According to Reuters, Slovak prosecutors announced on Wednesday that European Central Bank (ECB) policymaker and Slovak central bank Governor Peter Kazimir had been charged with corruption.

"Given the early stage of the criminal case, we will not be giving any further information at the moment," a spokeswoman told reporters.

Market reaction

This development doesn't seem to be having a noticeable impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was up 0.3% on the day at 1.1560.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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