Jul 2, 2024
ECB’s Simkus Says September, Later Months Are in Focus for Rates
Bloomberg News
,![Gediminas Simkus, governor of Lithuania's central bank, at the 8th NBU-NBP Annual Research Conference in Kyiv, Ukraine, on Friday, June 21, 2024. Ukraine said Russia targeted energy facilities overnight as President Vladimir Putin’s forces continue attacks to disrupt the country’s power system. Photographer: Andrew Kravchenko/Bloomberg, Bloomberg Gediminas Simkus, governor of Lithuania's central bank, at the 8th NBU-NBP Annual Research Conference in Kyiv, Ukraine, on Friday, June 21, 2024. Ukraine said Russia targeted energy facilities overnight as President Vladimir Putin’s forces continue attacks to disrupt the country’s power system. Photographer: Andrew Kravchenko/Bloomberg](/polopoly_fs/1.2092046.1719928951!/fileimage/httpImage/image.jpg_gen/derivatives/landscape_620/gediminas-simkus-governor-of-lithuania-s-central-bank-at-the-8th-nbu-nbp-annual-research-conference-in-kyiv-ukraine-on-friday-june-21-2024-ukraine-said-russia-targeted-energy-facilities-overnight-as-president-vladimir-putin-s-forces-continue-attacks-to-disrupt-the-country-s-power-system-photographer-andrew-kravchenko-bloomberg.jpg)
(Bloomberg) -- The European Central Bank is looking to September and the months beyond for more potential interest-rate cuts, Governing Council member Gediminas Simkus said in a CNBC interview.
Core inflation is the “most important” indicator that will sway policymakers into action, he argued — just after data showed underlying price pressures unexpectedly failed to ease in June. Simkus added that the ECB isn’t in a rush to lower borrowing costs and should get more information before pushing ahead.
For Bloomberg TV’s interview with Simkus, click here.
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