ECB's Simkus Says Rate Hike More Likely Than Hold After Latest Decision
Updated
Updated · Bloomberg · Jul 26
ECB's Simkus Says Rate Hike More Likely Than Hold After Latest Decision
3 articles · Updated · Bloomberg · Jul 26
Summary
Gediminas Simkus said the European Central Bank is still more likely to raise interest rates than leave them unchanged, reiterating his stance in a Friday radio interview.
Friday's remarks directly echoed what he said before the ECB's latest policy decision, with Simkus saying the probability of an increase remains much higher than no move.
The comments signal that at least one Governing Council member still sees tightening bias at the ECB, keeping markets focused on the path of euro-zone borrowing costs.