Reported 3 days ago
Yannis Stournaras, a member of the European Central Bank's Governing Council, has expressed that interest rate reductions should progress gradually due to ongoing uncertainties in the economy. While the ECB has already implemented four small rate cuts, he suggests that further adjustments will depend on economic data, particularly regarding inflation and growth. Stournaras voiced concerns about the Eurozone's sluggish growth and external risks impacting the global economic landscape, hinting that larger cuts could be considered if inflation remains below target.
Source: YAHOO