ECBs Stournaras: A 25 basis point cut by the end of the year is reasonable

ECBs Stournaras:

• A 25 basis point cut by the ECB by the end of the year is reasonable
• Trump tariffs could lead to recession in the medium-term

In other ECB commentary, ECBs Lane is also talking and says:

• if policymakers had had perfect foresight about the shocks that were about to hitthe economy, interest rates would have been raised earlier and more sharply

I guess he speaks about the rate rise period after Covid – not current policy path.

This article was written by Greg Michalowski at www.forexlive.com.