ECB’s Šimkus: We are close to a peak or at the peak

European Central Bank (ECB) Governing Council Gediminas Šimkus said on Friday, “we are close to a peak or at the peak.”

Further comments

A September pause wouldn't mean no hikes after that.

We might see the situation of a september pause and an October hike.

I wouldn't expect any fast cuts on interest rates.

I have doubts on cuts in 1H, it's not a probable scenario.

The choice for September is between a 25 bps hike and unchanged rates.

The economy in the short term is weaker than projected.

I see a "soft-landing scenario in the euro area".