ECB's Šimkus says expects a 25 bps rate hike in June and JulyWell, the situation is still highly fluid but it is possible to see two more rate hikes before pausing by the ECB. Markets are seeing a peak in rates at about 3.68% now, which is somewhat consistent of two additional rate hikes at least.
This article was written by Justin Low at www.forexlive.com.
Source: ECB's Šimkus says expects a 25 bps rate hike in June and July (https://www.forexlive.com/centralbank/ecbs-imkus-says-expects-a-25-bps-rate-hike-in-june-and-july-20230530/)
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