ECB’s Kazimir: 75 bps rate hike in October appropriate

The European Central Bank (ECB) policymaker and Slovak central bank chief Peter Kazimir said on Friday, “75 bps rate hike in October is appropriate.”

“ECB deposit rate must rise above neutral but the start of balance sheet reduction can wait until next year,” Kazinir noted.

Market reaction

Hawkish comments from Kazimir fail to impress EUR bulls, as EUR/USD has wiped out gains to trade neutral on the day at 0.9772.