ECB’s Stournaras says three rate cuts this year is probable

Yannis Stournaras is the Governor of the Bank of Greece and thus a member of the European Central Bank Governing Council (monetary policy setting committee):

  • European Central Bank will probably lower borrowing costs three times this year instead of four
  • the most recent euro-zone GDP figures were a positive surprise

Stournaras comments from an interview

This article was written by Eamonn Sheridan at www.forexlive.com. Source