ECB’s Makhlouf: Need to increase rates again at March meeting
|"We need to continue to increase rates at our meeting next week – by taking a similar step to our December decisions," European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Wednesday. per Reuters. Makhlouf further added that they need to increase rates again at the March meeting.
"Our future policy decisions need to continue to be data-dependent given the prevailing uncertainty," Makhlouf explained and reiterated that interest rates will have to rise significantly at a steady pace to reach levels sufficiently restrictive.
Market reaction
EUR/USD pair showed no immediate reaction to these comments and was last seen trading modestly lower on the day at 1.0875.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.