European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Thursday, “it is too early to talk about rate cuts. “
Additional comments
Rates must stay high to bring inflation back to target.
Still cannot be sure if we have reached a peak in rates.
The goal is in sight in terms of inflation, but not yet reached.
Inflation could still tick up in the coming months.
Does not see a hard landing for Eurozone economy.
Market reaction
At the time of writing, EUR/USD is trading 0.22% higher on the day at 1.0910.
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