Interest Rates In Eurozone Will Continue To Increase In The Coming Meetings

ECB press conference brings more fog than clarity
Exchange Rates 24.01.2023 analysis

In her recent speech, ECB President Christine Lagarde said the bank will do whatever is necessary to bring inflation back to its target level.

"We will stay the course to ensure the timely return of inflation to our target," she said. "It is vital that inflation rates above the ECB's 2% target do not become entrenched in the economy," she added.

This more or less hints that interest rates will continue to increase in the coming meetings.

Exchange Rates 24.01.2023 analysis

Lagarde's comments add to the unfolding debate on whether a slowdown in the pace of rate hikes is appropriate as inflation falls from record highs. Last week, the ECB chief said that sticking to the course of the rate hike is her "political mantra", especially since attention has now shifted from headlines to record core inflation.

Following this news, EUR/USD is up 13,000 pips since October last year.

Exchange Rates 24.01.2023 analysis

Hawkish officials, such as Dutch central bank chief Klaas Knot, want at least two more half-point rate hikes starting next week. Some, however, wants to be cautious as the increase may go too far.

Yannis Stournaras, governor of the Bank of Greece, advocated a more gradual approach as economic growth in the eurozone wanes.

Relevance up to 09:00 2023-01-25 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more:

ECB press conference brings more fog than clarity

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. offers access to around 2,500 instruments (Stocks CFDs, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at:

Follow on:

Twitter Facebook YouTube


Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.