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ECB Rate Hike in September Wouldn’t Be a Surprise, Simkus Says
European Central Bank Governing Council member Gediminas Simkus said he wouldn’t be surprised if officials lift borrowing costs again after the summer. The Lithuanian central bank chief described the interest-rate increase planned for July as “pretty much clear,” stressing that core inflation may “still peak.” “We need to provide very credible monetary policy to make sure that we by all means will fulfill our mandate, we will make sure about price stability and we’ll get inflation to the 2% target,” Simkus told an online event organized by MNI on Tuesday. “I would in no way be surprised considering ... (full story)