Central Banks
ECB’s Simkus Says Half Point Is the Minimum Hike for October
- Lithuanian official sees ‘a few options on the table’
- QT discussions and planning shouldn’t be delayed, Simkus says
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The European Central Bank will raise borrowing costs next month by at least a half-point as inflation pressures worsen, according to Governing Council member Gediminas Simkus.
“Based on data I see now, the inflationary trends are intensifying,” the Lithuanian central bank chief told reporters Monday in Vilnius. “There are a few options on the table” for the interest-rate increase in October, the lowest of which is 50 basis points.