She left all possibilities open, both the size of the next interest rate hike and the final level of the next rate hike[/B], by ECB chief Christine Lagarde.
Speaking at the European Parliament this afternoon, Lagarde said that "how much further we should take interest rates and how quickly we should get there will depend on the revised forecasts that we will have in a few days on the path of the economy, but also on how wages will react and on inflation expectations in general."
Analysts are so far wavering on the size of the December rate hike between 0.5% and 0.75%.
In the secondary bond market and specifically in the EDAT, EUR 32 million of transactions were recorded, of which EUR 28 million were in the secondary market.The yield on the 10-year bond rose to 4.24% from 4.13% on Friday against 1.98% for the German bond, bringing the spread to 2.26% from 2.18% at the end of last week.
In the foreign exchange market, the euro was down against the dollar , as the European currency was trading at $1.0429 in the early afternoon from the opening level of $1.0487.
The indicative euro/dollar exchange rate announced by the European Central Bank stood at $1.0423.
Source: Cyprus Times
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