ECB’s Kazimir says a July rate hike is on, but will need fresh analysis for September

Monday was a busy day for European Central Bank talking heads:

• ECB’s Schnabel: Risks To The Inflation Outlook Are Tilted To The Upside
• ECB’s Lane: Another Hike in July Seems Appropriate and Then We Will See in September
• ECB’s Stournaras: A further decrease in inflation is expected
• ICYMI – ECB’s de Guindos said core inflation slowdown faces limitations

• ECB’s Simkus spoke Monday – says a July rate hike is on, not sure on September

Rounding it out were comments from the head of the National Bank of Slovakia (Národná banka Slovenska), and therefore a member of the ECB’s Governing Council, Governor Peter Kazimir:

• “We need to deliver another rate hike in July and move further into restrictive territory,”
• “A continuation of monetary policy tightening is the only reasonable way ahead.”
• added that fresh analysis will be required in September to decide on another hike, but leaned hawkish saying that stopping rate hikes too soon is a “much more significant” risk than overtightening

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