Yannis Stournaras, a member of the European Central Bank's Governing Council, advocates for reducing borrowing costs at every meeting until reaching a neutral rate, estimated to be around 2%. He emphasizes that this approach aligns with current inflation and economic conditions.
Yannis Stournaras, a member of the European Central Bank Governing Council, indicated that the euro zone is nearing a sustainable 2% inflation target, expected to be achieved by early 2025. He emphasized the need for policymakers to shift focus from controlling prices to addressing potential risks to economic growth.
The European Central Bank is poised to implement a quarter-point interest rate cut in December, as indicated by Governing Council member Yannis Stournaras. He expressed confidence that a reduction of 25 basis points is the optimal move, suggesting that the decision is nearly finalized.
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