February 25, 2025 17:33 GMT
MNI BRIEF: ECB To Cut Rates To 2% By Autumn -Stournaras
MNI (ROME) - The European Central Bank deposit rate will be at 2% by Autumn this year, Bank of Greece Governor Yannis Stournaras said in an interview with Politico published Tuesday.
It is too early for the ECB to even start debating a pause in its easing cycle. “I don’t think that our next meeting is the right moment to discuss pausing," he said.
The ECB is definitely still in restrictive territory Stournaras said, and “If the situation continues like ththis, we should definitely bring interest rates down further." (see MNI INTERVIEW: Neutral Not Key To ECB Policy - Patsalides )
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