Home ECB’s Praet: Money market rates imply moderate pace of rate rises beyond expected date of lift-off
FXStreet News

ECB’s Praet: Money market rates imply moderate pace of rate rises beyond expected date of lift-off

“Today’s term structure of money market interest rates  embodies a very moderate pace of rate rises beyond the expected date of lift-off,”  ECB chief economist Peter Praet explained at a conference in New York.

Key quotes (via Reuters)

  • The euro area economy continues to expand at a rate that is above potential.
  • Confident that the sustained convergence of inflation to our aim will proceed.
  • Ample degree of monetary accommodation remains necessary.
  • Communication on policy adjustments beyond the first rate hike will become increasingly important.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.