Interest Rates ECB must cut rates twice before summer break, Yannis Stournaras says
The European Central Bank must lower borrowing costs twice before its August summer break and another two times before the end of the year, without being swayed by the US Federal Reserve, according to a governing council member. “We need to start cutting rates soon so that our monetary policy does not become too restrictive,” Yannis Stournaras, who also heads Greece’s central bank, said.
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