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Kazaks States ECB Will Take Action If Inflation Outlook Picks Up

ECB
  • Bloomberg reports the Bank of Latvia governor Kazaks as saying the ECB will take action if the inflation outlook picks up, adding that the ECB are ready to raise rates and cut stimulus if necessary.
  • Kazaks has spoken about cutting stimulus before. From an interview with MNI in November, Kazaks said "The successor to the ECB's Pandemic Emergency Purchase Programme should be limited in size and duration but used flexibly" but did also add: "The ECB should not begin to consider raising key interest rates until labour market slack disappears and wages are pushed up on a sustainable basis"
  • EUR inches higher on that headline, although EUR/GBP is unable to print a fresh daily high - recently printed at 0.8363 - well shy of the first real resistance crossing at 0.8381 - the Nov 22 low.
EM BulletHomepagemarkets-real-timeFixed Income BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News
EM BulletHomepagemarkets-real-timeFixed Income BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsEuropean Central Bank (ECB) Market News

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