ECB’s Stournaras sees two quarter-point rate cuts in 2024, FT says

2024.10.09 00:29

(Reuters) – European Central Bank (ECB) policymaker Yannis Stournaras is backing two interest rate cuts this year and expects further easing in 2025, he told the Financial Times in an interview published on Wednesday.

“Even if we have one cut of 25 basis points now and another one in December, we will be back to just 3 per cent — still in highly restrictive territory,” Stournaras told the newspaper, referring to the ECB’s main policy rate.

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