Central Banks
ECB’s Stournaras Says Four 2024 Rate Cuts Possible
- Greek central banker says four 25-bps reductions feasible
- Recent inflation data has backed idea of possible June cut
Yannis Stournaras
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Yannis Stournaras said a total of four interest rate cuts is feasible in 2024, for a reduction of 100 basis points by year-end.
“If inflation develops in line with our March forecast and if this trend continues until the end of the year, I believe that this year we will have reductions in key interest rates from the ECB,” Stournaras said in an interview with the Proto Thema Sunday newspaper.