Barclays: Retail buyers likely drove the latest leg of the rally
Investing.com -- Gediminas Simkus, a policymaker at the European Central Bank (ECB), announced on Monday his expectations for a decrease in interest rates in March, followed by a few more reductions in the subsequent months.
Simkus refrained from linking these anticipated rate cuts to any specific month following March, stating that the timing would be dictated by incoming information.
Simkus also addressed the potential threat of U.S. tariffs on imports from the European Union, describing the situation as "not good news" for economic growth or inflation. He noted that these tariffs introduce a significant amount of uncertainty.
However, Simkus declined to speculate on the potential impact of these tariffs, stating that the real effects would depend on the specifics of any tariff and the EU’s response to it.
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