ECB’s Kazimir: We need to raise rates again in July

European Central Bank (ECB) policymaker Peter Kazimir said on Monday, “we need to raise rates again in July.”

Additional quotes

“Upward inflation risks are still substantial, linked to the labor market, food prices, profit margins.”

“Regarding Sept, i'm awaiting analysis of the cumulative impact of past ECB measures.“

“Stopping rate hikes too soon "much more significant" risk than overtightening.”

Market reaction

EUR/USD was last seen trading at 1.0931, down 0.09% on the day, unfazed by the hawkish ECB commentary.