ECB's Simkus Backs June Rate Hike; Pereira Urges No Delay
ECB policymaker Simkus reiterated support for a rate hike in June, while colleague Pereira called for swift action amid rising consumer price pressures.
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European Central Bank governing council member Gediminas Simkus has again voiced support for a rate increase at the June meeting. His comment reinforces the hawkish tone among some ECB officials.
Fellow policymaker Mario Centeno (Pereira) warned that the ECB should not delay policy action given the increased pressure on consumer prices. He stated that the central bank needs to act sooner rather than later.
The remarks come as the eurozone continues to grapple with elevated inflation, keeping the focus on the ECB’s next policy steps.
Source: MarketTwits