Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

ECB Official Pierre Wunsch Signals Softening Case for July Interest Rate Hike

Bloomberg ·
ECB Official Pierre Wunsch Signals Softening Case for July Interest Rate Hike
  • Pierre Wunsch, an ECB Governing Council member, stated that the argument for an additional interest rate increase has weakened since the bank's June session.
  • While markets are still pricing in another hike, Wunsch suggested the requirement for one is less certain than previously anticipated.
  • The remarks were made at the ECB Forum on Central Banking in Sintra, Portugal, amidst ongoing assessments of inflation shocks in the euro area.

Quotes

“We might need another hike — that’s, of course, what the market is pricing — but not as much as we thought in June”— Pierre Wunsch, European Central Bank Governing Council member

Sources