ECB’s Simkus Says September, Later Months Are in Focus for Rates

(Bloomberg) -- The European Central Bank is looking to September and the months beyond for more potential interest-rate cuts, Governing Council member Gediminas Simkus said in a CNBC interview.

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Core inflation is the “most important” indicator that will sway policymakers into action, he argued — just after data showed underlying price pressures unexpectedly failed to ease in June. Simkus added that the ECB isn’t in a rush to lower borrowing costs and should get more information before pushing ahead.

For Bloomberg TV’s interview with Simkus, click here.

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