ECB’s Kazaks: There’s no urgent need to adjust rates | investingLive

• There’s value holding rates at current level.
• ECB easing still working its way through the economy.
• The era of straightforward decisions to hike or cut is over.
• Steady hand ECB policy is appropriate at current time.
• The euro is still near historical averages, but monitoring.
• There’s untapped potential in the economy.

The ECB yesterday held rates steady as widely expected and just reaffirmed their neutral stance as they keep monitoring the data and trade developments with the US.

Another rate hike is now basically a 50/50 chance, which is what it should have been all along after the last rate cut. In fact, with all the monetary easing still filtering through and the fiscal impulse, there are more upside risks to the economy rather than downside ones.