• ECB’s Simkus: There will undoubtedly be a 50 bps increase in February

Market news

19 December 2022

ECB’s Simkus: There will undoubtedly be a 50 bps increase in February

European Central Bank (ECB) policymaker Gediminas Simkus backs the case for a 50 basis points rate hike in February.

He said that “there will undoubtedly be a 50 bps increase in February.”

Market reaction

EUR/USD was last seen trading at around 1.0640, up 0.52% on the day.

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