ECB's Simkus says it is important to stay calm until the next policy decision and not to over react, we are aware of the recent changes in market pricing but should stay the course for now

ECB's Simkus says it is important to stay calm until the next policy decision and not to over react, we are aware of the recent changes in market pricing but should stay the course for now.

Simkus' comments indicate a cautious approach from the ECB amidst shifting market dynamics. The emphasis on staying calm suggests that while the bank recognizes recent market movements, it may not signal immediate policy adjustments, hinting at a continued stable interest rate outlook in the near term. Traders should be aware of this sentiment as it may influence EUR and fixed income markets, particularly considering the sensitivities around upcoming decisions.