IMF Says ECB Needs More Hikes After Quarter-Point Increase

The International Monetary Fund stated the European Central Bank must continue raising rates, just hours after the ECB delivered a 0.25% hike on Thursday. The IMF's hawkish stance suggests more aggressive tightening ahead for the eurozone. EUR pairs could see increased volatility as traders price in additional rate hikes. Higher ECB rates typically strengthen the euro against major currencies, making EUR/USD and EUR/GBP key pairs to watch.