ECB Is Near the End of Its Interest-Rate Hiking, Stournaras Says

The European Central Bank is near the conclusion of its cycle of interest-rate increases and will almost certainly cease this year, Governing Council member Yannis Stournaras said.

“We’re close to the end,” the Bank of Greece governor said in an interview with Greece’s Imerisia posted on its website on Wednesday. “We’re not there yet, so I agree with Madame Lagarde that we still have some distance to go.”