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ECB Governing Council Member Stu Naras: ECB interest rates are expected to fall to 2% by this autumn
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2025-01-03 04:01 9,133
Golden Finance reported that according to the transcript released by the Bank of Greece on Thursday, Stunaras, the Governing Council of the European Central Bank and Governor of the Bank of Greece, told the Greek Skai radio station: "The European Central Bank's benchmark interest rate should be reduced to 2 around the autumn of 2025. Around %." He said the forecast would still be affected by "unforeseen circumstances," citing risks in Europe and the United States. Economists and investors believe the region's economy is struggling as inflation stabilizes at its 2% target and the European Central Bank is set to cut interest rates at every meeting until mid-2025.
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