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6/23, 9:22 PM (Source: TeleTrader)
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Kazimir: ECB to hike rates by 25 bps in July, 50 in Sept.

Governor of the National Bank of Slovakia, Peter Kazimir, said on Thursday the European Central Bank would likely increase its key interest rates by 25 basis points next month and an additional 50 basis points in September.

Kazimir estimated that the ECB's main refinancing rate could reach between 1.5% and 2% in a year, warning that some Eurozone member states could face short recessions.

Baha Breaking News (BBN) / ND