ECB’s Nagel: Can't rule significant further rate hikes after March

European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday, he “can't rule significant further rate hikes after March.”

Additional quotes

“Latest data shows core inflation still too high.”

“ECB must be determined in tightening policy.”

“Can't rule out headline inflation has reached plateau but it's too speculative to say.”

Market reaction

The Euro failed to capitalize on the hawkish remarks. The EUR/USD pair is trading at 1.0588, down 0.05% on the day.