- ECB's Simkus: 50 bps rate hike very likely for September
Market news
29 June 2022
ECB's Simkus: 50 bps rate hike very likely for September
European Central Bank (ECB) policymaker Gediminas Simkus backs the case for a 50 bps rate hike in September.
Key quotes
50 bps rate hike very likely for September.
ECB should move decisively towards policy normalization.
50 bps in July should be an option if inflation data worsens.
Fragmentation tool should serve as a deterrent.
Market reaction
EUR/USD is unfazed by the above comments, as it sheds 0.25% on the day to trade at 1.0490, as of writing.
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