Everything points towards ECB rate cut in April, Stournaras says
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FILE PHOTO: Member of the ECB governing council and Governor of the Bank of Greece, Yannis Stournaras talks during an interview with Reuters in Athens, Greece, October 11, 2023. REUTERS/Louisa Gouliamaki/File Photo
FRANKFURT (Reuters) - A European Central Bank rate cut in April is increasingly likely since inflation is slowing, wage growth is moderating and service price pressures are easing, Greek central bank chief Yannis Stournaras said.
"Everything points in the direction of a cut in April," Stournaras, one of the longest serving members of the ECB's Governing Council, told media outlet Econostream.
"But this is not April. It is still March. We have one month to go, so I cannot tell you that we're going to cut ... If it was today, I would be more certain that we're going to have a cut."
(Reporting by Balazs Koranyi; Editing by Andrew Cawthorne)
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