Stournaras: ECB must reduce rates four times within 2024

Stournaras: ECB must reduce rates four times within 2024

Business

The European Central Bank must cut borrowing costs twice before the August summer break and another two times before the end of the year, without being influenced by the US Federal Reserve, according to ECB Governing Council member and governor of the Bank of Greece (BoG) Yannis Stournaras, CE Report quotes ANA-MPA.

"It is appropriate to do two rate cuts before the summer holidays and four moves throughout the year seems reasonable. Insofar, I concur with the markets' expectations," he said.

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