ECB Governing Council member Simkus: probability of an October rate cut is quite small, but there are many reasons in favour of a September cut
ECB Governing Council member Simkus said that the probability of a rate cut in October is quite small, but there are many compelling reasons to support the ECB's rate cut in September; there is a very clear trend towards a fall in inflation; economic growth is showing structural weakness; and economic risks are skewed to the downside.
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