Member of the European Central Bank (ECB) Governing Council and Bank of Lithuania Governor Gediminas Simkus spoke on Tuesday.
- “I think that in June and July we will have 25 basis point increases in the key rates,”
- “Does this happen in September, too? It’s too early to say.”
This is not a breaking view from the ECB, Simkus joins many other ECB policymakers suggesting a hike in June and likely more following that. Market pricing for a June rate hike is north of 85%.