ECB's Simkus: 50 bps rate hike very likely for September

European Central Bank (ECB) policymaker Gediminas Simkus backs the case for a 50 bps rate hike in September.

Key quotes

50 bps rate hike very likely for September.

ECB should move decisively towards policy normalization.

50 bps in July should be an option if inflation data worsens.

Fragmentation tool should serve as a deterrent.