• ECB's Simkus: Should continue with 50bp rate hikes

Noticias del mercado

24 enero 2023

ECB's Simkus: Should continue with 50bp rate hikes

European Central Bank (ECB) policymaker Gediminas Simkus said on Tuesday that the ECB should continue with 50 basis points (bps) rate hikes amid growing wage pressures, as reported by Bloomberg.

Simkus further added that reaching the peak policy rate before summer 'may be unlikely' and noted that strong core inflation shows that their battle against inflation is not over yet.

Market reaction

EUR/USD edged slightly higher with the initial reaction to these comments and was last seen posting small daily gains at 1.0875.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: