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17 May 2022

ECB's Knot: 50 bps rate hike should not be excluded if data suggest inflation is broadening

European Central Bank (ECB) Governing Council member Klaas Knot told the Dutch TV on Tuesday that a 50 basis points rate hike should not be excluded if data in the next few months suggest that inflation is broadening and accumulating.

"The ECB needs to normalize policy," Knot added, per Reuters, and reiterated that a 25 basis points rate hike in July would be realistic.

Market reaction

EUR/USD jumped above 1.0500 with the initial reaction to these comments and was last seen rising 0.8% on the day at 1.0515.

May 17, 2022

Silver Price Analysis: XAG/USD stalled near 50% Fibo., bearish flag spotted on short-term charts

Silver built on its recovery from a near two-year low touched last week and gained positive traction for the third successive day on Tuesday. The mome
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May 17, 2022

USD/THB risks a corrective move near term – UOB

Quek Ser Leang at UOB Group’s Global Economics & Markets Research suggested risks around USD/THB seem to be shifting to the downside. Key Quotes “We h
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