The European Central Bank could cut interest rates further if inflation continues to slow and the economy remains sluggish, Governing Council member Gediminas Simkus said on Monday, but he refrained from predicting the December move.
Citing the projection that the Eurozone inflation will hit 2 percent next year, Simkus, who is the Lithuanian central bank chief, told reporters in Vilnius, "The direction [of monetary policy] is clear."
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by Jyotsna V
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