ECB's Simkus said he wouldn't be surprised in the Bank hiked rates again in September

[forex4you]

ECB's Simkus said he wouldn't be surprised in the Bank hiked rates again in September

Chairman of the Central Bank of Lithuania & Member of the ECB Governing Council Gediminas Simkus spoke with MNI (gated), his pertinent remarks conveyed via Reuters:

• "We need to provide very credible monetary policy to make sure that we fulfil our mandate... our 2% inflation target,"
• "Having said all this, I would not be surprised (by a rate) hike in September."

---

While a July rate hike (the European Central Bank meet on July 27) appears locked in, ECB policymakers have been coy on the September outlook.

----

Earlier catch ups with the ECB talking heads on Tuesday:

• ECB's Vujčić said Bank will work to bring inflation down, soft landing not always possible
• ECB's Rehn warned that underlying inflation pressures are only falling gradually

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: ECB's Simkus said he wouldn't be surprised in the Bank hiked rates again in September

forexlive.com