Commenting on the European Central Bank’s (ECB) monetary policy outlook on Wednesday, policymaker Martins Kazaks said that “a rate hike is possible as soon as July.”
Additional quotes
Gradual approach doesn’t mean slow response.
ECB doesn’t need to wait to see stronger wage growth.
Ending APP early in Q3 is possible and appropriate.
0% is not a cap for deposit rate facility.
Market reaction
The shared currency jumped nearly 30-pips against the US dollar on these hawkish remarks, driving EUR/USD to fresh daily highs of 1.0867.
The spot is currently trading at 1.0859, still up 0.67% on the day.
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