ECB’s Stournaras: 4 possible 25bps rate cuts in 2024
ECB Governing council member Yannis Stournaras, Greece Central Bank Governor said, there will be a 4 rate cuts from ECB Side is Possible if inflation trend continue to downturn in coming months. The differences of our opinions is quite small than Media enlarged.
EURUSD is moving in Symmetrical Triangle and market has reached higher low area of the channel
During a statement on Sunday, Yannis Stournaras, a member of the European Central Bank’s (ECB) Governing Council, suggested the possibility of implementing a series of interest rate cuts in 2024. He indicated that a total of four rate reductions could be feasible, amounting to a cumulative decrease of 100 basis points (bps) by the end of the year.
Stournaras stated, “If inflation develops in line with our March forecast and if this trend continues until the end of the year, I believe that this year we will have reductions in key interest rates from the ECB.” He expressed personal confidence in the potential for four interest rate cuts of 25 basis points each throughout the year.
He emphasized that this perspective isn’t unanimously shared among council members, acknowledging differing levels of caution among colleagues. Stournaras remarked, “Some colleagues are more cautious and believe that interest rate cuts should be more moderate.” However, he also noted that the divergences in opinion within the ECB’s governing council are narrower than commonly portrayed in the media.
Greek central banker: ECB could cut rates by 100 points this year
ECB Governing council member Yannis Stournaras, Greece Central Bank Governor said, there will be a 4 rate cuts from ECB Side is Possible if inflation trend continue to downturn in coming months. The differences of our opinions is quite small than Media enlarged.
EURGBP is moving in the Box pattern and the market has fallen from the resistance area of the pattern
In a newspaper interview released on Sunday, Yannis Stournaras, a policymaker at the European Central Bank (ECB), stated that there is a potential for the ECB to implement a total reduction of 100 basis points in interest rates within this year. However, he highlighted the absence of a unified agreement within the euro zone’s central bank regarding this matter.
Stournaras conveyed his personal belief, stating, “Personally, I believe that cutting rates four times this year, by 25 basis points each, is possible,” in an interview with Greek newspaper Proto Thema. Nevertheless, he acknowledged the divergence of opinions within the ECB, mentioning, “Some colleagues are more sceptical and they think that rate cuts should be more moderate.”
Earlier last week, Stournaras indicated a perceived consensus within the ECB for a rate cut in June, emphasizing that the bank shouldn’t necessarily wait for the Federal Reserve to make the first move in rate adjustments.
Greek central banker: ECB may cut rates by 100 points in 2024
ECB Governing council member Yannis Stournaras, Greece Central Bank Governor said, there will be a 4 rate cuts from ECB Side is Possible if inflation trend continue to downturn in coming months. The differences of our opinions is quite small than Media enlarged.
EURUSD is moving in Descending channel and market has reached lower high area of the channel
Yannis Stournaras, a policymaker at the European Central Bank (ECB), shared insights in a newspaper interview released on Sunday regarding potential interest rate cuts by the ECB. He noted the possibility of a cumulative reduction of 100 basis points within the year. However, Stournaras highlighted the absence of a unanimous agreement within the euro zone’s central bank regarding this prospect.
In the interview with Greek newspaper Proto Thema, Stournaras expressed his personal perspective, stating, “Personally, I believe that cutting rates four times this year, by 25 basis points each, is possible.” Despite his optimism, he acknowledged dissenting opinions within the ECB, stating, “Some colleagues are more sceptical and they think that rate cuts should be more moderate.”
Stournaras also referenced recent discussions within the ECB, noting a perceived consensus for a rate cut in June. He emphasized the ECB’s independence from the Federal Reserve, asserting that the ECB need not wait for the Fed to initiate rate adjustments.
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