ECB’s Stournaras: Rate cuts should still continue in the coming meetings

• Policy should continue with a series of rate cuts at the next meetings
• 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

As the ECB is still on the path of cutting rates further, don’t expect much of a change to the overall narrative. The comments here continue to echo what we already know.

This article was written by Justin Low at www.forexlive.com.