ECB’s Simkus Sees Hike of ‘at Least’ a Half-Point in October

The European Central Bank should raise interest rates by at least a half-point at its October meeting, according to Governing Council member Gediminas Simkus.

Despite the ECB describing last week’s historic 75 basis-point rise as “front-loading,” the Lithuanian central bank chief said Tuesday that the end-point of the cycle of hikes isn’t important right now.