- Inflation is spreading
- It cannot be said that monetary policy cannot curb inflationary pressures
It’s Holzmann, Nagel, Kazaks, Knot, Villeroy and now Vasle who have been the most vocal parties in calling for faster rate hikes. But perhaps the biggest change was Rehn’s here. He is seen as a bit of a dove for siding with the hawks, perhaps signaling a shift in mindset on the board.
The mood music has certainly benefited the Euro so far today, with EUR/USD up 0.4% at 1.0580 currently.