ECB’s Šimkus: A June rate cut is very likely

Market news

8 March 2024

ECB’s Šimkus: A June rate cut is very likely

European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday that “a rate cut in June is very likely.”

Additional comments

The conditions are in place to move to a less restrictive monetary policy.

A rate cut in April cannot be ruled out but the probability of that is low.

There are no reasons for cuts of more than 25 bps at a time.

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