EUR: continued tightening expected from ECB

Eurozone data picks up as the week heads to a close with several key releases scheduled for Spain between now and Friday.

Meanwhile, ECB Governing Council member and Dutch Governor, Klaas Knot, has taken a hawkish approach against inflation, warning that markets can expect more policy tightening between now and July 2023 to tame firmer inflation.

This contrasts with ECB policymaker’s earlier stance of easing up on monetary tightening, however Knot is strongly of the view that the risk of  “doing too little” is still the bigger risk.

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