ECB's Kazaks: ECB isn’t done on rate hikes if the baseline holds up

European Central Bank (ECB) policymaker Martins Kazaks made some comments on the bank’s future rate hike path on Monday.

He said that “the ECB isn’t done on rate hikes if the baseline holds up.”

Market reaction

EUR/USD is finding some support from the above comments, as it recovers from daily lows of 1.0632. The pair is still down 0.15% on the day at 1.0645, as of writing.