ECB’s Kazimir: We need to deliver two more 50 bps hikes

European Central Bank (ECB) policymaker Peter Kazimir said on Monday that inflation easing was good news but added that it was not a reason to slow the pace of interest rate hikes, as reported by Reuters. 

“I am convinced that we need to deliver two more hikes by 50 basis points,” Kazimir said and acknowledged that the Eurozone economy was faring better than expected one-two months ago.

Market reaction

These comments don’t seem to be having a significant impact on the Euro’s performance against its rivals. As of writing, the EUR/USD pair was up 0.28% on the day at 1.0885.