VILNIUS, Feb 3 (Reuters) - Euro zone inflation trends
are starting to turn positive so the end of European Central
Bank rate hikes may be approaching, Lithuanian policymaker
Gediminas Šimkus said on Friday.
Still, the ECB could follow up its already promised 50 basis
point increase in March with a 25 or 50 basis point hike in May,
Simkus told reporters in Vilnius
Simkus, considered a moderate hawk on the 26-member
Governing Council, said that a rate cut this year - as priced by
some investors - was unlikely but could happen in 2024 if
inflation trends change.
(Reporting by Balazs Koranyi; Editing by Alex Richardson)
Reuters Messaging:
balazs.koranyi.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.