ECB's next move hinges on energy prices, says Slovak central bank chief

Reuters··EUSK·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

Kazimir, Slovak central bank governor and member of the European Central Bank's Governing Council, said on the 29th that energy prices will remain a key factor as the ECB decides its next move. He said this month's rate hike was unavoidable given the energy shock, and noted that high energy prices are persisting longer than expected. He said the ECB has time to respond flexibly, and that January repricing data will be key for him in assessing the second-round effects of rising energy prices on inflation. He declined to comment on how he would vote on rates at upcoming meetings.

Impact on assets 2

Others▲ · 1 stocks
%ECB rates
ECBRATES
▲ PositiveMonetaryrelevance

Kazimir says this month's rate hike was unavoidable given the energy shock and flags persistent high energy prices, signaling a hawkish ECB stance that supports higher policy rates/yields.

Others▲ · 1 stocks