ECB’s de Cos: Rate hikes unlikely in 2022

In an interview with Expansion, European Central Bank (ECB) Governing Council member and Spanish central bank chief Pablo Hernandez de Cos said that rate hikes are unlikely in 2022.

Additional quotes

“There are no conditions to raise rates in 2022.”

“Support the decision to end the pandemic stimuli.”

“Ensure that monetary policy will continue to be expansionary.”

Market reaction

EUR/USD keeps its range around 1.1250 on these comments, adding 0.08% on a daily basis.

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