ECB's Panetta: ECB should not pre-commit to any specific policy move beyond February

Eren Sengezer FXStreet

The European Central Bank should not pre-commit to any specific policy move beyond February, European Central Bank (ECB) executive board member Fabio Panetta told German newspaper Handelsblatt on Tuesday, as reported by Reuters.

Panetta argued that they can bring inflation down with well-calibrated and non-mechanical rate hikes and noted that he is "anxiously optimistic" about inflation after recent good readings.

Market reaction

EUR/USD managed to rebound from daily lows after these comments and was last seen trading at 1.0855, where it was down 0.1% on a daily basis.

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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