Kazāks flags ECB readiness as euro holds near 1.1710 amid data-dependent September call - VT Markets

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Enjoy 20% loss protection of up to USD 100* in the first 7 days ECB Governing Council member Mārtiņš Kazāks said the central bank was prepared to act if required to steer Eurozone inflationary pressures back to its 2% target. He added that policymakers would take a data-dependent decision in September, and he described the balance of further tightening as mixed. Kazāks also said forward guidance was counterproductive given uncertainty, while wage growth was seen easing gradually and inflation expectations remaining anchored near target. In markets, the euro showed little immediate reaction to the remarks. Still, it was up 0.26% at about 1.1710 against the US dollar, with the greenback softer in European trade.