Technical Analysis

ICYMI – ECB’s Centeno says the next ECB rate hike could be smaller than 75 basis points

European Central Bank board member and Bank of Portugal Governor Mario Centeno spoke at a conference in Lisbon on Monday.

  • Asked whether he thinks the ECB should raise interest rates by less than 75 basis points, Centeno said: “I don’t like to talk about increases before (meetings)…(but) I think there are many conditions for the rates increase to be less than that number”.
  • Centeno noted that “rates in Europe continue to be roughly half those in the United States”, calling it a good indicator of the difference between the two regions’ economic fundamentals.
  • also called for restraint in wage increases and company margins as this “could help the ECB a lot in combating inflation”.

Info via Reuters report.

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