ECB's Escriva says it is highly unlikely the ECB touches rates at its next meeting

ECB's Escriva says it is highly unlikely the ECB touches rates at its next meeting.

Escriva's comments suggest a dovish stance ahead of the ECB's next meeting, indicating that markets should not expect any adjustments to the rates soon. This may alleviate some upward pressure on bond yields, as it confirms a more cautious approach than previously anticipated, impacting the euro and fixed income sentiment accordingly.