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ECB’s Stournaras says rates should be close to 2% by end of the year
globalreutersJanuary 22, 20251 Mins read He had previously say that the ECB should continue with “a series of rate cuts” last week. So, the remark above is consistent with that. The current deposit rate is 3.00%, so he is pretty much touting four more 25 bps rate cuts essentially.
As for market pricing, traders are seeing ~96 bps of rate cuts for the year in total as of today.
This article was written by Justin Low at www.forexlive.com.
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