ECB's Stournaras Predicts Lower Chances of Additional Rate Hike

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ECB Governing Council member Yannis Stournaras indicated that there is a reduced likelihood of further interest rate hikes. Stournaras attributed this assessment to a significant drop in energy prices and a slowdown in euro-zone inflation. He noted that these factors may negate the need for additional increases following the rate adjustment made in June.

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ECB’s Stournaras Sees Smaller Likelihood of Further Rate HikeBloomberg · 20 days ago

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ECB Governing Council member Yannis Stournaras indicated that there is a reduced likelihood of further interest rate hikes. Stournaras attributed this assessment to a significant drop in energy prices and a slowdown in euro-zone inflation. He noted that these factors may negate the need for additional increases following the rate adjustment made in June.

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