ECB’s Šimkus: Expect a 25 bps rate hike in June and July

Market news

30 May 2023

ECB’s Šimkus: Expect a 25 bps rate hike in June and July

European Central Bank (ECB) Governing Council Gediminas Šimkus said on Tuesday that he expects a 25 basis points (bps) rate hike in June and July.

Markets are currently pricing an 87% probability of a 25 bps ECB rate hike next month.

Market reaction

EUR/USD is consolidating the latest upswing at around 1.0730, adding 0.11% on the day, at the time of writing.

Currencies. Daily history for Tuesday, May 30, 2023

Commodities. Daily history for Monday, May 29, 2023

Market Focus

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