VILNIUS (Reuters) - The European Central Bank's initial interest rate cut in June will likely be followed by other moves as long as the economy continues to develop as expected, Lithuanian policymaker Gediminas Simkus said on Monday.
Simkus, who sits on the ECB's rate-setting Governing Council, said he earlier expressed support for three rate cuts this year and that the economy continued to develop along the lines the ECB had outlined in its last projections.
"My thinking is that there are some other interest rate cuts coming in the future, but I will restrict myself from elaborating on how many, even if I have already expressed that this year, I would expect three cuts," Simkus told reporters.
(Reporting by Balazs Koranyi; Editing by Bernadette Baum)
