Speaking in Copenhagen, Stournaras said the ECB is probably done cutting interest rates, unless there is a meaningful deterioration in inflation or growth.
Officials kept borrowing costs unchanged last week for a second meeting in a row, viewing price pressures as contained and risks as manageable. “We’re data dependent — if we find in our monetary-policy meetings that things have changed, we’ll change as well,” Stournaras said, but stressed that “it would take a substantial change in our outlook to change our position.”
Stournaras downplayed the significance of another quarter-point cut, saying it “won’t have much of an impact in practice, but symbolically, yes, it might.” He also rejected the idea that a stronger euro alone would shift policy: “We’re not in a situation in which a single factor can change our position.”
Likely market-Impact of such comments:
FX: Euro supported as ECB signals rate-cut cycle is over barring major shocks Rates: Eurozone bond rally may stall with ECB stressing data-dependency and “good equilibrium” Equities: Limited near-term boost for stocks as further easing seen unlikely This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about ecb stournaras signals rate cuts over more easing needs major shift in inflation outlook was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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