Recapping MNI Interviews With Wunsch & Simkus

We ran a couple of interviews with ECB Governing Council members over the weekend:

• Recent market expectations of a peak European Central Bank deposit rate of between 3.5% and 4% look about right, but inflation could remain slightly above the 2% target for some time, Belgian National Bank Governor Pierre Wunsch told MNI, adding that a U.S. hard landing could also influence eurozone monetary policy.
• The European Central Bank should raise interest rates by 25 or 50bp at its May monetary policy meeting, the governor of the Central Bank of Lithuania told MNI in an interview, although he added that a larger-than-expected upwards move in core inflation would be needed to justify another half-point hike.
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