ECB's Simkus Says More Cuts Needed as US Tariffs Weigh on Growth
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.
While economic activity held up well at the start, recent geopolitical trends including trade threats from US President Donald Trump have been bad news, Simkus said in an interview with Bloomberg Television on Friday. At the same, he sees 'clear disinflationary forces' at play.
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