Central Banks

ECB’s Simkus Says More Cuts Needed as US Tariffs Weigh on Growth

WATCH: “I cannot, so to say, reject the chances that there might be another cut after the June [one],” Simkus says.Source: Bloomberg

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By Mark Schroers, Alexander Weber, and Francine Lacqua

May 9, 2025 at 8:56 AM UTC

Updated on

May 9, 2025 at 9:14 AM UTC

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The European Central Bank must lower interest rates further as the euro-area economy is yet to feel the full force of US tariffs and inflation is expected to continue to slow, Governing Council member Gediminas Simkus said.