ECB's Wunsch: Maybe we've reached the peak in interest rates

European Central Bank (ECB) policymaker, Pierre Wunsch, made some comments on the interest rate and inflation outlook on Thursday.

Key quotes

Maybe we've reached the peak in interest rates.

If inflation meets forecast, then no more rate hikes are needed.

Backs reopening discussion on PEPP timetable.

We have to live with current uncertainty.

Oil prices are an upside risk to inflation.

Market reaction

At the time of writing, EUR/USD is keeping its sideways momentum intact near 1.0620, almost unchanged on the day.