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ECB's Simkus sees equal chance of rate hike or cut

BY Reuters | ECONOMIC | 03:39 AM EST

VILNIUS, Feb 9 (Reuters) - The European Central Bank is equally likely to ?raise or cut interest ?rates but it ?is hard ?to know when ?any such move will ?take ?place given the prevailing uncertainty about trade ?and ?geopolitics, ?ECB policymaker Gediminas ?imkus said on Monday.

"The probabilities ?that the next rate decision would be a hike or a ?lowering ?are the same - it's 50/50," ?the Lithuanian governor told reporters. "But no-one knows when that decision comes." (Reporting by Andrius Sytas; Writing ?by Balazs Koranyi and Francesco Canepa in Frankfurt; ?Editing by Toby Chopra)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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