ICYMI – ECB's Stournaras said Bank could cut rates if CPI drops under 3% by August 2024

<p>Yannis Stournaras is the Governor of the Bank of Greece and thus a member of the European Central Bank Governing Council (monetary policy setting committee). </p><p> Stournaras spoke on Tuesday at a at a ‘Kyklos Ideon’ conference. Stournaras mainly addressed issues of import for the Greek economy including prudent government fiscal policy at expected wage rises ahead. </p><p>He said on ECB policy that if inflation has fallen below 3% on a consistent basis by August 2024, the ECB is likely to lower its key interest rates.</p><p>He aired a similar opinion about a week ago:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecbs-stournaras-said-would-consider-a-rate-cut-in-mid-2024-if-inflation-falls-below-3-20231031/" target="_blank" rel="follow" data-article-link="true">ECB's Stournaras said would consider a rate cut in mid-2024 if inflation falls below 3%</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.