ECB's Kazaks: A rate hike is quite likely this year

• ECB bond buying could end in Q3
• March meeting unlikely to offer policy blueprint
• High inflation is shifting gravity in ECB policy debate
• ECB must not 'rock the boat' by tightening too quickly

There's a couple of things in his remarks that are worth taking note of. The first being that he says that the ECB may not go offer too much details on what may come next in March, adding that money market bets are somewhat too "harsh" at the moment. That's a bit of a red flag for the euro and to punters who have bet on the ECB tightening by June.

That said, he does say that a rate hike may yet materialise this year and that inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data is shifting the gravity in the ECB debate on the matter. That could see more support behind policy tightening in the months ahead.