ECB's Wunsch: Bets on rate cuts risk prompting rate hikes instead

European Central Bank (ECB) policymaker, Pierre Wunsch, made some comments on the central bank’s interest rate outlook on Monday.

Key quotes

Markets are optimistic to rule out further rate hikes.

Bets on rate cuts risk prompting rate hikes instead.

But rates should stay unchanged in December and January.

Market reaction

At the time of writing, EUR/USD is keeping its upbeat momentum intact near 1.0935, up 0.23% on the day.