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ECB Kazaks: No reason to pause or stop rate hikes after March
ECB Kazaks says:
- There is no reason to pause or stop hikes after March
- Rates must hit significantly restrictive levels
- Markets should listen to Lagarde
Recall, the market sold the EURUSD off last Thursday while ECBs Lagarde was telegraphing a 50 basis point hike at the March meeting (the ECB raised by 50 basis points).
The EURUSD moved from 1.10308 to a low yesterday of 1.0662584 bouncing modestly. Looking at the hourly chart, the price remains be... Read More
Posted: Feb 8 2023, 17:11
Author Name: forexlive
Views: 102215