ECB’s Simkus: Central bank shouldn't raise interest rates in April
European Central Bank (ECB) Governing Council member and head of Lithuania's central bank, Gediminas Simkus, said during European trading hours on Wednesday that an interest rate hike this year cannot be ruled out. However, he remains in favor that the central bank should not cut interest rates in the policy announcement on April 30.
Market reaction
There seems to be no immediate impact of ECB Simkus' comments on the Euro (EUR). As of writing, EUR/USD trades flat around 1.1745.
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