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

While the US was on holiday on Monday Europe was up and running, with plenty of commentary from the European Central Bank.

Firstly, from two of the Bank’s big guns:

• 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

Both skewing hawkish.

There were also remarks from the Greek central bank head:

• ECB’s Stournaras: A further decrease in inflation is expected

Chairman of the Central Bank of Lithuania & Member of the ECB Governing Council Gediminas Simkus also crossed the newswires with remarks:

• Has no doubt that rates will be raised in July
• No need to rush with
  September assessment

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