Latest news with #GediminasSimkus
Bloomberg
26-05-2025
- Business
- Bloomberg
ECB Faces Greater Risk Inflation Will Undershoot 2%, Simkus Says
There's a growing danger that inflation will fall short of the European Central Bank's 2% target, according to Governing Council member Gediminas Simkus. The balance of risks for consumer prices is to the downside due to trade friction with the US and a stronger euro, the Lithuanian official said Monday. Borrowing costs are currently at the upper end of the range for the neutral rate, which neither stimulates nor curbs economic activity, he said.
Yahoo
10-05-2025
- Business
- Yahoo
ECB's Simkus Sees Chance of Another Rate Cut After June
European Central Bank Governing Council member Gediminas Simkus discusses the outlook for interest rates, euro-area inflation and global trade tensions. "For me [the] June decision is quite clear," he says. "I cannot, so to say, reject the chances that there might be another cut after the June [one]." Simkus speaks to Bloomberg's Francine Lacqua in Reykjavik. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
09-05-2025
- Business
- Bloomberg
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.
