ECB's Villeroy: The next change in rates is highly likely to be upwards

Villeroy is set to retire but he's out with some fresh comments:It's far too early to predict a timetable for rate hikes but it's clear we have the capacity to act whenever it's necessaryAs of today, we are closer to the ECB's adverse scenario than the baselineThe 'far too early' line excludes the upcoming meeting and that mostly… Villeroy is set to retire but he's out with some fresh comments: . It's far too early to predict a timetable for rate hikes but it's clear we have the capacity to act whenever it's necessary As of ... Villeroy is set to retire but he's out with some fresh comments: It's far too early to predict a timetable for rate hikes but it's clear we have the capacity to act whenever it's necessary As of today, we are closer to the ECB's adverse scenario than the baseline The 'far too early' line excludes the upcoming meeting and that mostly aligns with the market move. But I'm sure everyone… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.