ECB’s Stournaras: Policy should continue with a series of rate cuts at the next meetings

European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “policy should continue with a series of rate cuts at the next meetings.”

Additional quotes

Our moves should be gradual and cautious based on the available data.

Larger rate cuts should not be ruled out if incoming data warrants it to be the case.

Latest forecasts show inflation reaching 2% target in a sustainable manner from Q2 2025.

Market reaction 

At the time of writing, EUR/USD is testing intraday lows near 1.0280, down 0.21% on the day.