ECB’s Kazaks: Warned that upside inflation risks remain intact
European Central Bank (ECB) Governing Council member Martins Kazaks said during the European trading session on Monday that the central bank would be ready to raise interest rates, while warning of upside inflation risks despite the finalization of a deal between the United States (US) and Iran.
Remarks
I still see upside risks to inflation.
The ECB is ready to act again if needed.
The ECB can move gradually.
Market reaction
No immediate response by the Euro (EUR), following comments from ECB's Kazaks. While EUR/USD trades 0.35% higher to near 1.1600 amid the risk-on mood.
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