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06/21/2022 08:53:32 GMT

ECB’s Rehn: It is very likely that September rate hike is bigger than 25 bps

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member Olli Rehn said on Tuesday, “it is very likely that September rate hike is bigger than 25 bps.”

More comments

There won't be one single benchmark to measure fragmentation.

Will judge based on several parameters, criteria.

Also read: ECB's Rehn: Inflation provided reason to expedite normalisation of policy

Separately, ECB policymaker Kazimir was reported, as saying that negative rates "should be a thing of history" by September.

Market reaction

EUR/USD was last seen trading up 0.57% on the day at 1.0567.

EUR/USD: Bulls remain in control and climbs to 3-day highs near 1.0570

Author

Dhwani Mehta

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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