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.”
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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.
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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