ECB’s Simkus Signals at Least One More Rate Hike as Inflation Persists

This statement signals that the ECB is willing to prioritize inflation control over growth, even amid geopolitical uncertainty. For crypto, which often trades as a risk-on asset, tighter eurozone monetary policy could reduce speculative appetite and strengthen the euro, potentially weakening dollar-denominated crypto pairs. However, if peace talks fail and energy prices spike further, crypto may see safe-haven flows as a hedge against fiat debasement.

Euro

ECB Governing Council member Martin Kocher stated that the European Central Bank is heading for an interest-rate increase next month unless a sustainable peace deal between the US and Iran is reached.