ECB’s Kazaks: ECB has the option of a 25bps or 50bps move in May

European Central Bank (ECB) policymaker Martins Kazaks said on Monday, the central bank has the option of 25 basis points (bps) or 50 bps move in May.

Over the weekend, President Christine Lagarde said that she has “huge confidence” the US will not allow the country to default on its own debt.

Market reaction

EUR/USD was last seen trading at 1.0991, down 0.07% on the day.