ECB’s Vasle: We need to keep tightening policy at our next meeting

European Central Bank (ECB) policymaker, Boštjan Vasle, said on Wednesday, “we need to keep tightening policy at our next meeting.”

Additional quotes

“Inflation remains persistent.”

“Beyond that, we will remain data dependent.”

“But the burden of proof will be on invalidating a rate hike, rather than validating one.”

Market reaction

At the time of writing, EUR/USD is keeping its range play intact at around 1.0950, almost unchanged on the day.