Central Banks
Three ECB Cuts Now More Likely in 2024, Stournaras Tells Liberal
- Latest euro-area GDP numbers were a positive surprise, he says
- Geopolitical developments around the world are a concern
Yannis Stournaras
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
The European Central Bank will probably lower borrowing costs three times this year instead of four, according to Governing Council member Yannis Stournaras.
The Bank of Greece reviewed Eurostat’s recent inflation and growth data and “we now consider three rate cuts in 2024 as the more likely scenario,” Stournaras said in an interview with Liberal.