Possible 2024 Rate Cuts by ECB's Stournaras

Possible 2024 Rate Cuts by ECB's Stournaras

By
Alessandro Bianchi
1 min read

European Central Bank Governing Council member Yannis Stournaras stated that the potential for four interest rate cuts in 2024, with a 100 basis points reduction by year-end, is feasible. In an interview with the Proto Thema Sunday newspaper, Stournaras expressed belief in reductions in key interest rates from the ECB if inflation develops in line with the March forecast and continues until the end of the year.

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