ECB’s Šimkus: I agree with markets which sees two more rate cuts this year

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.

Jul 19, 2024

Eurozone Current Account s.a above expectations (€34.6B) in May: Actual (€36.7B)

ECB SPF survey: Eurozone inflation to average 2.4% in 2024 and 2.0% in 2025

The latest findings from the European Central Bank’s (ECB) Survey of Professional Forecasters (SPF) showed on Friday that all inflation forecasts across the time horizons remained unchanged from the previous round of the poll conducted three months earlier.