European Central Bank’s (ECB) policymaker Martins Kazaks said on Tuesday, he prefers the first-rate hike in July after the asset purchase programme (APP) ends at the start of the month
Additional quotes
“Two to three rate hikes priced by markets are quite reasonable.”
“No reason for rate hikes to pause at 0%.”
Also read: ECB's Kazaks: A rate hike is possible as soon as July
Market reaction
The shared currency picked up a few bids on the above comments, with EUR/USD now trading at 1.0732 vs. 1.0725 before Kazaks’ remarks. The spot is up 0.20% so far.
