ECB’s Vasle: More rate hikes needed to get inflation to 2% target

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European Central Bank (ECB) policymaker, Boštjan Vasle, said on Friday, “more rate hikes needed to get inflation to the 2% target.”

Vasle added, “core inflation remains high and persistent.”

Market reaction

At the time of writing, EUR/USD is keeping its upside intact at around 1.0775, up 0.11% on the day.