Economics
ECB’s Simkus Wants Half-Point July Hike as Option If Data Worsen
- Officials need to act ‘decisively’ against record inflation
- Lithuanian official talks in interview at ECB’s Sintra retreat
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The European Central Bank should consider raising interest rates by twice the planned amount next month if the inflation outlook deteriorates, according to Governing Council member Gediminas Simkus, as calls not to exclude an outsized initial move grow.