ECB’s Stournaras: Policy should continue with a series of rate cuts at the next meetings

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “policy should continue with a series of rate cuts at the next meetings.”

Additional quotes

Our moves should be gradual and cautious based on the available data.

Larger rate cuts should not be ruled out if incoming data warrants it to be the case.

Latest forecasts show inflation reaching 2% target in a sustainable manner from Q2 2025.

Market reaction

At the time of writing, EUR/USD is testing intraday lows near 1.0280, down 0.21% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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