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GreeceBusinessStournaras: ECB must reduce rates four times within 2024

Stournaras: ECB must reduce rates four times within 2024

Hellenic News of America
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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.

“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.

“We need to start cutting rates soon so that our monetary policy doesn’t become too restrictive,” Stournaras told Bloomberg from London.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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