European Central Bank (ECB) policymaker Martins Kazaks told Bloomberg TV on Tuesday that he expected a 25 bps rate hike in July while a 50 bps increase is the base case scenario in September.
Additional quotes
Though it may be worth looking at 50 bps rate hike in July.
It may be reasonable to frontload rate hikes.
Market reaction
EUR/USD is defending minor gains below 1.0600, awaiting the keynote remarks from ECB President Christine Lagarde on day 2 of the ECB Forum on Central Banking in Sintra.