Stournaras: ECB must reduce rates four times within 2024

Stournaras: ECB must reduce rates four times within 2024


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.

More details at the link.


Related articles

Reuters: Greek economy surges after decade of pain
The Reuters global news agency refers to the upward trajectory of the Greek economy following the decade of crisis.
Romania wants to attract investments of 15 billion euros from Qatar, PM Ciolacu says
Prime minister Marcel Ciolacu starts a two-day working visit to Qatar on Tuesday, and the development of investment projects worth 15 billion euros in Romania is on the agenda.
German industrial output sees strongest monthly growth in a year
Industrial production rises 2.1% month-on-month thanks to significant growth in construction industry
Eurozone producer prices fall at faster pace in February
Producer prices drop 8.3% year-on-year in February, official data shows
Budget Office warns against 'excessive nominal wage increases' in 4Q2023 report
Nominal wage increases should not be excessive, the Greek parliament's Budget Office warned in a report released on Monday on the 4th quarter of 2023.
General govt deficit at 2.5%, debt at 69.2% of GDP last year
Slovenia's general government deficit amounted to EUR 1.587 billion or 2.5% of GDP last year, which is EUR 114 million or 0.5 percentage points less than in 2022, the Statistics Office said on Friday. Despite increasing in nominal terms, the general government debt decreased in terms of GDP share, amounting to EUR 43.67 billion or 69.2% of GDP.