Central Banks
ECB’s Simkus Agrees With Market Bets for Two More Cuts in 2024
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European Central Bank Governing Council member Gediminas Simkus said he agrees with investor wagers on two more reductions in interest rates this year.
The first could come at the next monetary-policy meeting, the Lithuanian official told reporters in Vilnius. The disinflation trend is “clear,” he said, while warning that rises in services prices remain rapid.