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A Signal Has Come From the Ecb: the Interest Rate Cutting Cycle May Be Coming to an End
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Several members of the European Central Bank (ECB) Governing Council believe that the interest rate cut cycle in the euro zone may be coming to an end, Bloomberg reported. Martins Kazaks and Gediminas Šimkus, the governors of the central banks of Latvia and Lithuania, said that there is no need for further interest rate cuts at this time, although a larger-than-expected slowdown in the economy could still turn the tide in this situation.
Gediminas Šimkus, Governor of the Bank of Lithuania (LB), says that the European Central Bank's (ECB) interest rate cuts are coming to an end.
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