ECB’s Stournaras Says Four 2024 Rate Cuts Possible

-- European Central Bank Governing Council member Yannis Stournaras said a total of four interest rate cuts is feasible in 2024, for a reduction of 100 basis points by year-end.

“This is not yet a unified view,” said Stournaras, who heads Greece’s central bank. “Some colleagues are more cautious and believe that interest rate cuts should be more moderate.” As the consumer price index dips closer to the ECB’s 2% target, most policymakers have backed President Christine Lagarde’s signal that the first interest-rate cut will come in June.

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ECB Must Cut Rates Twice Before Summer Break, Stournaras SaysThe European Central Bank must lower borrowing costs twice before its August summer break and two more times before the end of the year, without being swayed by the US Federal Reserve, according to Governing Council member Yannis Stournaras.
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