ECB’s Simkus: Current restrictive rates sufficient, talk about cuts premature

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<p>ECB Governing Council member Gediminas Simkus said today, “In my view, if there’s no new staggering data, current restrictive levels are sufficient,” to steer inflation back to target. Highlighting the bank’s current approach, Simkus clarified, “There is and there was no need to raise rates at this point.” But, “Will we need this in the […]</p>
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