Central Banks
ECB’s Stournaras Sees Two More Rate Cuts in 2024 as ‘Reasonable’
- Officials shouldn’t over-interpret services inflation, he says
- Greek central-bank chief speaks in interview in Sintra
Yannis Stournaras
Photographer: Yorgos Karahalis/BloombergThis article is for subscribers only.
Recent data on inflation and economic expansion reinforce arguments for additional interest-rate reductions by the European Central Bank, with two more this year about right, according to Governing Council member Yannis Stournaras.
“These data strengthen the case for further cuts a little bit,” the Greek central-bank chief said in an interview. “For the moment, two more rate cuts this year seems reasonable and consistent with our forecasts. We’re in highly restrictive territory and will continue to be even if we have two more cuts this year.”