ECB’s Kazaks: The phase of rapid rate hikes is already behind us

  • Can currently count on the fact that we may pause
  • So, any future rate hikes would be relatively small

Some token remarks there by Kazaks. The fact of the matter is that markets are relatively convinced that the ECB is done and unless the economic picture improves, it is hard to imagine policymakers having much interest to change their own bias as well.

This article was written by Justin Low at www.forexlive.com. Source