ECB’s Šimkus: I agree with markets which sees two more rate cuts this year
Jul 19, 2024 8:15 AM
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday “I agree with markets which see two more rate cuts this year.”
“Interest rates will keep getting lower, and quite significantly,” he added.
Market reaction
EUR/USD is holding a lower ground on these above comments, testing 1.0880, down 0.13% on the day.
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