ECB's Stournaras said would consider a rate cut in mid-2024 if inflation falls below 3%

<p>In an interview with <a href="https://www.handelsblatt.com/finanzen/geldpolitik/ezb-ratsmitglied-stournaras-das-ist-eine-wirklich-gefaehrliche-situation/29471236.html" target="_blank" rel="nofollow">Handelsblatt</a>, the ECB's Yannis Stournaras said he would consider a rate cut in mid-2024 should inflation 'permanently' fall below 3%.</p><ul><li>Personally,
I would consider cutting interest rates if inflation falls permanently
and sustainably below the three percent threshold in mid-2024.</li><li>Says he hasn't discussed cutting rates next year with colleagues</li><li>We are now deep in restrictive territory, no matter which perspective you look at it from</li><li>The economy is much weaker than we thought in September.</li><li>financing conditions are also somewhat tighter than expected.</li></ul><p>"Permanently" is a high bar to get over in just six-eight months.</p>

This article was written by Adam Button at www.forexlive.com.