ECB’s Kazimir: A slight ECB rate increase might be necessary
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS) Peter Kazimir highlights the need for a slight interest rate increase during European trading hours on Friday. Kazimir warned that the Iran war could still significantly slow global growth.
Market reaction
EUR/USD trades 0.1% higher to near 1.1700 during the European trade on Friday; however, the impact appears to have stemmed from a slight correction in the US Dollar (USD).
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