Forex News March 30, 2022

 

ECB

  • ECB’s Holzmann remarked that Higher-than-expected inflation means rate hikes will be behind the curve.
  • Robert Holzmann, an ECB policymaker, made the following remarks:
  • Because inflation is expected to be higher than previously predicted, raising interest rates would be slightly behind the curve rather than ahead of it.
  • The public understands that when inflation rises, it is up to the ECB to raise interest rates.
  • The remarks above aren’t entirely convincing to someone who wants the key policy rate to be zero by the end of the year. In my opinion, the governing council as a whole is unlikely to act quickly.

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