European Central Bank Governing Council member Yannis Stournaras says the likelihood of an additional rate hike is smaller than previously expected. In comments reported by Bloomberg and the Financial Post, he points to an unexpectedly large decline in energy prices and signs of slowing inflation across the euro zone as key reasons. Stournaras indicates these developments may reduce the need for the ECB to make further adjustments to interest rates following its June increase. The assessment centers on incoming data, particularly the impact of lower energy costs on the inflation outlook and the broader trend of easing price pressures in the euro-area economy. While he does not rule out policy changes, his remarks suggest that current conditions shift the probability away from another hike in the near term. The reports present the same core message from Stournaras across both outlets, emphasizing the role of energy price dynamics and inflation figures in shaping the ECB’s rate-hike considerations.
ECB’s Stournaras says further rate hike is less likely after energy price drop
European Central Bank Governing Council member Yannis Stournaras says the likelihood of an additional rate hike is smaller than previously expected. In comments reported by Bloomberg and the Financial...
- ECB Governing Council member Yannis Stournaras says a further rate hike is less likely.
- He cites an unexpectedly large fall in energy prices.
- He also cites slowing euro-zone inflation as a factor.
- Stournaras links the assessment to the ECB’s June interest-rate increase.
- The reports agree on Stournaras’s interpretation but do not provide additional policy decisions or timelines.
The unexpectedly large fall in energy prices alongside slowing euro-zone inflation suggest the European Central Bank may not have to add to June’s interest-rate increase, Governing Council member Yannis Stournaras said.
1 month agoThe unexpectedly large fall in energy prices alongside slowing euro-zone inflation suggest the European Central Bank may not have to add to June’s interest-rate increase, Governing Council member Yannis Stournaras said.
1 month ago
NGX extends losses as profit-taking drives investors to record multi-trillion losses
The Nigerian Exchange Group market turns down again as investors record large portfolio losses and the NGX All-Share Ind...
Marvell shares slip after better-than-expected revenue guidance disappoints some investors
Marvell reports revenue guidance that tops expectations, but its shares fall after the announcement. Multiple outlets de...
One Nation reveals Cessnock candidate Mike Newman; Stuart Bonds attacks NSW Liberal leader
One Nation announces Mike Newman as its Cessnock candidate and names him as the party’s NSW leader, prompting criticism...