(Finance) – “I think we will see positive developments on wages and inflation that would allow us to move to one positions less restrictive in the summer of 2024“. He stated it Gediminas Simkusgovernor of the Central Bank of Lithuania and member of the Governing Council of the European Central Bank (ECB), in an interview with Bloomberg, adding that “it’s about making the environment less restrictive.”
“It is obvious that there is no need to cut in March because the data does not suggest it. April is also very unlikely,” he said, sending that “we must make sure we have control over inflation before we start cutting interest rates.”
“I don’t buy the logic of cutting sooner or later – underlined Simkus – We are paid for make the best decisions at exactly the right time“.