Central Banks
ECB’s Simkus Sees Three Rate Cuts in 2024, Chance of Fourth
- Kazimir says officials must remain flexible in face of shocks
- ECB is preparing to ease monetary policy at its June meeting
The European Central Bank headquarters in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Gediminas Simkus said borrowing costs will start to decline from June — predicting at least three such moves in 2024.
“I see a higher than 50% chance there will be more than three cuts this year,” Simkus told reporters Monday in Vilnius. “I see a higher than zero chance that an interest-rate cut may follow also in July. The July decision will be important in setting the trajectory.”