ECB’s Kazimir: In September continuation of tightening policy is not certain

European Central Bank policymaker Peter Kazimir said on Wednesday that he is not certain whether the central bank will continue its rate hike cycle in September.

Key quotes

“In September continuation of tightening policy is not certain.”

“For me, we would need to have core inflation under control to stop tightening.”

Market reaction

EUR/USD is keeping its range play intact at around 1.0920, awaiting Fed Chair Jerome Powell’s testimony for a fresh nudge.