ECB’s de Guindos: Central bank will hike interest rates further

European Central Bank (ECB) Vice-President Luis de Guindos said on Monday that the central bank will hike interest rates further.

Although he was quick to add. “we do not know when will stop.”

Additional quotes

“The ECB action so far isn’t sufficient.”

“The ECB will continue to raise rates by 50 basis points.”

“The ECB to assess QT in June, and we must be careful.”

“TPI is achieving its goal without being used.”

“European banks can weather a downturn.”

“ECB is not planning to change its 2% mid-term price stability goal.”

Market reaction

EUR/USD is keeping the higher ground intact near 1.0650, adding 0.60% on the day.