ECB’s Simkus Expects Three Interest-Rate Cuts This Year
Posted on AllSides May 6th, 2024
From The Left
European Central Bank Governing Council member Gediminas Simkus said he sees borrowing costs being reduced three times in 2024 — starting with the planned move in June.
The euro-zone is developing more or less in line with the base case and, barring surprises, there’s room to loosen the ECB’s restrictive monetary-policy stance, the Lithuanian official said Monday.
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