Central Banks
ECB’s Simkus Says Larger Part of Rate-Hike Path Has Been Covered
- Lithuanian official joins others saying end of cycle nearing
- Policymakers weighing risks, from OPEC+ to commercial property
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The European Central Bank has completed the majority of the increases in borrowing costs required to tame inflation, according to Governing Council member Gediminas Simkus.
While underlying price pressures, which hit another record last month, remain an issue, the most aggressive bout of monetary-tightening in ECB history may be nearing its end, the Lithuanian central bank chief said Monday.