ECB’s Kazimir: A slight ECB rate increase might be necessary
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS) Peter Kazimir highlights the need for a slight interest rate increase during European trading hours on Friday. Kazimir warned that the Iran war could still significantly slow global growth.
Market reaction
EUR/USD trades 0.1% higher to near 1.1700 during the European trade on Friday; however, the impact appears to have stemmed from a slight correction in the US Dollar (USD).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
--Street Color: Boeing, Ethiopian Airlines Near Deal for Up to 10 Freighters, Reuters Reports
--US Total Weekly EIA Crude Oil Stocks Fall by 7.6 Million Barrels After Prior 3.6 Million Decrease
Dogecoin falls below 100-day EMA, risks further decline toward $0.069 support
Citadel Advisors discloses net short position in Kaufman & Broad shares
Crypto prices
More
