ECB’s Šimkus: A June rate cut is very likely

European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday that “a rate cut in June is very likely.”

Additional comments

The conditions are in place to move to a less restrictive monetary policy.

A rate cut in April cannot be ruled out but the probability of that is low.

There are no reasons for cuts of more than 25 bps at a time.

Related reads

• EUR/USD pulls back after rallying to within sight of 1.1000
• ECB’s Rehn: Risk of cutting rates too early has significantly decreased