ECB’s Simkus: A rate cut this year is not very likely
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European Central Bank (ECB) policymaker Gediminas Simkus said on Friday, “a rate cut this year is not very likely.”
Meanwhile, ECB policymaker Bostjan Vasle said that they will need to rise rates by 50 bps in March, to stay restrictive.
The Euro is uninspired by the above comments, with EUR/USD eeping its range at around 1.0900, as of writing.
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