ECB's Simkus Sees at Least One More Rate Hike to Curb Inflation

European Central Bank (ECB) policymaker Gediminas Šimkus said on Wednesday that at least one more interest rate hike is likely necessary to cap inflation expectations. He cited persistent upside risks to price pressures as justifying further monetary tightening.

Šimkus, who is the Governor of the Bank of Lithuania, made the remarks during the early European session. The comments align with the ECB's ongoing efforts to bring inflation back toward its 2% target.