ECB Governing Council member Gediminas Simkus predicts at least three interest rate cuts this year, with a 50%+ chance of more cuts.

ECB Governing Council member Gediminas Simkus predicts at least three interest rate cuts this year, with a 50%+ chance of more cuts. He also hints at a potential cut in July. Simkus believes borrowing costs will decline, and there's a non-zero chance of a fourth cut.