Stournaras: Watch Out for Inflation, No Rush From the ECB
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A wake-up call for the upward risks of inflation, but also a clear warning against hasty decisions, was sent by the governor of the Bank of Greece and member of the Governing Council of the European Central Bank, Yannis Stournaras, speaking to Bloomberg on the sidelines of the meeting of European finance ministers and central bankers in Dublin.
The Governor of the Bank of Greece and member of the Governing Council sent a warning signal about the rising risks of inflation, but also a clear warning against hasty decisions.
The possibility of an interest rate increase in October is open, with the Governor of the Bank of Greece calling for cautious moves without haste
Yannis Stournaras, governor of the Bank of Greece, warned of inflation risks and stressed the need to avoid hasty decisions on interest rates, leaving open the possibility of another increase in October.
Markets are largely discounting a third rate hike in the deposit facility by 0.25% to 2.75% next month, followed by at least two more hikes.
The European Central Bank should take into account the upside risks to inflation, but avoid hasty decisions, according to the governor of the Bank of Greece (BoG) and… G. Stournaras to Bloomberg: The ECB should remain vigilant, but avoid hasty decisions - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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