The ECB's Kazaks expect the first rate hike in July.

On Tuesday, the European Central Bank’s (ECB) policymaker, Martins Kazaks, announced that he would like to prefer the first rate hike in July only once the asset purchase programme (APP) ends at the start of the month.

April 26, 2022 - 05:49 PM 255 views

The ECB's Kazaks expect the first rate hike in July.

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© The ECB's Kazaks expect the first rate hike in July.

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On Tuesday, the European Central Bank’s (ECB) policymaker, Martins Kazaks,   announced that he would like to prefer the first rate hike in July only once the asset purchase programme (APP) ends at the start of the month.

The additional quotes include:

·        The markets are quite reasonable if there are 2 to 3 percentage points of rate increases.

·        The pause of rate hikes at 0% is not valid.

The Market Reaction

The recent comments by Kazaks boosted the EUR/USD currency pair to trade at 1.0732. So far, the difference has reached 0.20%.

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