Constantinos Herodotou, Governor of the Central Bank of Cyprus and member of the European Central Bank (ECB) Governing Council, touched upon the topics of inflation and interest rates in his speech on Tuesday.
Key quotes
“There will be another hike in rates, but we are very near neutral rate.”
“Don't see a "hard landing" in Eurozone economy.”
“No material de-anchoring of inflation expectations. “
Market reaction
These above comments have little to no impact on the Euro, as EUR/USD remains stuck in a narrow range near 1.0500 so far this Tuesday.
