Title: ECB’s Stournaras supports continuous rate cuts until neutral level reached
Post by: forex4you on Nov 22, 2024, 05:58 am
Post by: forex4you on Nov 22, 2024, 05:58 am
ECB's Stournaras supports continuous rate cuts until neutral level reached
Source: ECB's Stournaras supports continuous rate cuts until neutral level reached (https://www.actionforex.com/live-comments/576705-ecbs-stournaras-supports-continuous-rate-cuts-until-neutral-level-reached/)
Greek ECB Governing Council member Yannis Stournaras expressed strong support for further monetary easing, suggesting a rate cut at every meeting moving forward until the policy rate reaches the “neutral rate,” estimated at around 2%. Speaking with Bloomberg TV, Stournaras described the proposed quarter-point reduction in December, which would bring the deposit rate to 3%, […]
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Source: ECB's Stournaras supports continuous rate cuts until neutral level reached (https://www.actionforex.com/live-comments/576705-ecbs-stournaras-supports-continuous-rate-cuts-until-neutral-level-reached/)