News list for " simkus"
European Central Bank Governing Council member Simkus said that the European Central Bank needs to cut interest rates in December to safely achieve its 2% inflation target.
European Central Bank Governing Council Simkus: Support another 25 basis points interest rate cut in March. More accommodative monetary policy can be allowed. Trump's tariff policy has increased uncertainty. Several more interest rate cuts are expected after March.
European Central Bank Governing Council Simkus: The possibility of interest rate cuts in October is very small. We won't have much new data in October.
European Central Bank Governing Council Simkus: The possibility of interest rate cuts in October is rather small, and the reasons for interest rate cuts in September are very strong.
European Central Bank Governing Council Simkus: If the benchmark situation can be sustained, further interest rate cuts are possible. The focus will be on interest rates in September and the following months.
Simkus, the governing council of the European Central Bank, said the assumption that the ECB will cut interest rates twice more in 2024 could prove correct if the economy develops as officials predict. "If the data develops as expected, the expectation of two more rate cuts this year is in line with my own thinking," he said in an interview. He said officials should be ready to take action at any meeting, not just at the quarterly meeting where new economic forecasts are presented, but if it is ...
European Central Bank Governing Council Simkus: The reason for cutting interest rates in July has disappeared. If the data meets expectations, two more interest rate cuts may be possible in 2024.
European Central Bank Governing Council Simkus: It is too early to declare a victory over inflation.
