ECB’s Simkus Sees No More Cuts on Economy’s Surprise Strength
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Gediminas Simkus European Central Bank Governing Council member Gediminas Simkus said interest rates don’t need to be lowered further after economic activity and inflation both turned out stronger than expected.Downside risks facing the 20-nation euro area have materialized to a lesser extent than feared, the Lithuanian central-bank chief said Tuesday, citing evidence including a recent upward revision to third-quarter gross domestic product.