ECB’s Stournaras supports continuous rate cuts until neutral level reached

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ECB's 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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