ECB'S SIMKUS: DOESN'T SEE RATE CUTS UNTIL SUMMER
European Central Bank (ECB) Board Member and Chairman of the Lithuanian Central Bank Gediminas Šimkus hit the newswires on Tuesday, noting that market expectations of rate cuts from the ECB continue to run well ahead of what the ECB is looking at.
Key highlights:
Simkus: remains far less optimistic on the frequency and pace of rate cuts compared to money markets.
Interest rate cuts might begin around summer, but that will depend entirely on the data.
Simkus reiterates that wage data will be very important moving forward as it anchors inflation expectations.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.