ECB's Kazimir: Policy tightening in June is all but inevitable

European Central Bank policymaker Peter Kazimir said on Monday that although they are not committed to any fixed interest rate path, they remain firm in their policy approach.

Key takeaways

"Higher energy prices bound to spread to the rest of the economy."

"Policy tightening in June is all but inevitable."

"Increasingly likely that Europe is facing a prolonged period of broad-based price increases."

Market reaction

EUR/USD remains within its daily range after these comments and was last seen trading flat at 1.1720.