ECB’s Simkus Says It’s Important to Take a Pause on Rates

European Central Bank Governing Council member Gediminas Simkus called for a pause in interest-rate moves, citing “very big uncertainty” over US tariff policy.

After eight reductions “we’ve arrived at the neutral level — it’s now important to maintain the freedom of potential decision, not to commit to one direction or another,” the Lithuanian central bank chief said in Vilnius on Thursday. “The economic situation is very unclear — no one knows what the US decisions will be on July 9.”