ECB's Makhlouf: Don't think ECB has a tightening bias
European Central Bank (ECB) policymaker and Governor of the Central Bank of Ireland Gabriel Makhlouf stated during European trading hours on Friday that the central bank doesn’t have a pre-determined rate path and the decision would be made meeting by meeting.
Remarks
Don't think ECB has a tightening bias.
Two price hikes are part of the ECB's baseline scenario.
If facts point to action, ECB will take action.
Must keep a close eye on facts, will decide in April.
Don't have pre-determined rate path.
Determined to achieve 2% inflation target.
Managing extreme uncertainty.
Market reaction
There seems to be no impact of ECB Makhlouf's comments on the Euro (EUR). However, EUR/USD is down 0.4% to near 1.1540 as of writing.
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.
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