ECB Governor Kazimir stresses need for rate hikes
The European Central Bank’s Governing Council member Peter Kazimir emphasized the need for further monetary policy adjustments.
Kazimir cited the energy shock seeping into the economy as a reason for vigilance and preparedness to respond.
The EUR/USD trades 0.37% higher to near 1.1610 amid an upbeat market mood, with no immediate response seen in the Euro after Kazimir’s comments.