European Central Bank (ECB) Governing Council member Olli Rehn said on Friday, “there is a case for frontloading the tightening cycle.”
More comments
Risks to inflation outlook primarily to upside.
I assume further rate hikes going forward.
There is growing risk of recession in the Eurozone.
There is a case for frontloading the tightening cycle.
Market reaction
Amid risk aversion at full steam and notable US dollar demand, EUR/USD shrugs off the hawkish ECB commentary. The spot is losing 0.35% on the day to trade at 0.9963, as of writing.
