ECB's Rehn sees reasons for 'significant' interest rate increases before summer

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member and Governor of Austria's central bank Olli Rehn made some comments on the central bank’s interest rates policy during his appearance over the weekend.

He said that he sees grounds for "significant interest rate increases from the ECB this winter and the coming spring.”

Market reaction

EUR/USD is testing the 1.0900 level on the hawkish ECB commentary, its highest level since last April. The spot is up 0.38% on the day.

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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