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Exclusive: ECB’s Šimkus: ‘Quite Unlikely’ We’ll Cut Rates in October

Exclusive: ECB’s Šimkus: ‘Quite Unlikely’ We’ll Cut Rates in October

By David Barwick and Marta Vilar – VILNIUS (Econostream) – European Central Bank Governing Council member Gediminas Šimkus on Monday delivered a clear endorsement of a rate cut in September but deemed further easing as soon as October, as well as a step of more than 25bp, ‘quite unlikely’.

3 September 2024