ECB's Kocher Sees Next Rate Move as Hike or Hold as June Inflation May Ease
Updated
Updated · Bloomberg · Jul 1
ECB's Kocher Sees Next Rate Move as Hike or Hold as June Inflation May Ease
3 articles · Updated · Bloomberg · Jul 1
Summary
Martin Kocher said the ECB’s next policy choices are limited to either another rate hike or leaving borrowing costs unchanged, ruling out cuts for now.
June inflation could come in lower if the Middle East continues to stabilize, the Austrian central bank governor said in Sintra, pointing to easing energy-related pressure.
Kocher added that a renewed strengthening of the economy could still generate fresh price pressures, keeping the case for tighter policy alive.
The remarks signal the ECB still sees upside inflation risks even as near-term data may improve, leaving policy firmly data-dependent.