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ECB’s Simkus sees June and July rate hikes; Sept too early to say
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VILNIUS (Reuters) – The European Central Bank could raise interest rates in June and July, Lithuanian policymaker Gediminas Simkus said on Tuesday, joining a large group of policymakers suggesting that a flagged June increase will not be the last one.
VILNIUS (Reuters) – The European Central Bank could raise interest rates in June and July, Lithuanian policymaker Gediminas Simkus said on Tuesday, joining a large group of policymakers suggesting that a flagged June increase will not be the last one.
“I think that in June and July we will have 25 basis point increases in the key rates,” Simkus said in Vilnius. “Does this happen in September, too? It’s too early to say.”
(Reporting by Andrius Sytas; Writing Balazs Koranyi; Editing by Andrew Heavens)
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to influence economic activity and achieve macroeconomic goals such as controlling inflation and promoting employment.
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage. They are influenced by central bank policies and can affect consumer spending and investment.
The European Central Bank (ECB) is the central bank for the eurozone, responsible for managing the euro and implementing monetary policy to maintain price stability and support economic growth.
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