- ECB’s Simkus: The next rate increase needs to be substantial
Market news
28 October 2022
ECB’s Simkus: The next rate increase needs to be substantial
European Central Bank (ECB) policymaker Gediminas Simkus hints at a potential 75 bps rate hike at the next policy meeting.
Additional quotes
“We're moving closer towards the neutral-rate territory.”
“It is not the case that 75 basis points is the new norm.”
“Expect inflation forecasts to be revised up.”
“I expect ECB inflation projections to be raised in December.”
“QT discussion in December should be about the start date and amounts.”
Market reaction
EUR/USD remains unfazed by the above comments, trading around 0.9970, up 0.06% on the day.
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