ECB’s Simkus: It’s crucial to remain composed ahead of the upcoming policy meeting, and avoid any excessive reactions
ECB Official Discusses Monetary Policy Amid Middle East Conflict
Gediminas Simkus, a member of the European Central Bank's Governing Council and the head of Lithuania's central bank, recently shared his perspective on the ECB’s monetary policy outlook as tensions escalate in the Middle East.
Highlights from Simkus's Remarks
- He emphasized the importance of maintaining composure at the upcoming policy meeting and cautioned against making hasty decisions.
- Simkus noted that a more severe crisis could impact both inflation and economic growth.
- He stressed that policy choices should be guided by the most reliable data available at the time of the meeting.
Impact on the Markets
Following these statements, the EUR/USD currency pair has managed to sustain modest gains, trading close to 1.1650 and rising by 0.12% for the day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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