ICYMI: ECB's Simkus sees June and July rate hikes; says too early to make a September call

Member of the European Central Bank (ECB) Governing Council and Bank of Lithuania Governor Gediminas Simkus spoke on Tuesday.

• "I think that in June and July we will have 25 basis point increases in the key rates,"
• "Does this happen in September, too? It's too early to say."

This is not a breaking view from the ECB, Simkus joins many other ECB policymakers suggesting a hike in June and likely more following that. Market pricing for a June rate hike is north of 85%.