ECB won’t pause rate hikes

In the Asian session on Monday (May 22), EUR/USD fell first and then rose, temporarily reporting 1.0819, an increase of 0.09%. European Central Bank President Christine Lagarde said that a large part of the journey to control inflation has been completed, but the control of inflation has not yet been completed. There is still some distance to go, and inflation expectations are currently too high.

However, European Central Bank President Lagarde also mentioned, “We are not done yet, we will not pause because of the information I have today. According to the information currently available, the European Central Bank will not pause interest rate hikes, and policy decisions depend on data.” .