The ECB interest rates on the deposit facility, the main refinancing operations and the marginal lending facility are 3.25%, 3.40% and 3.65%, respectively, as of October 2024
He further added that inflation could be on track to meet ECB's 2% target in the first half of 2025, stressing the need for policymakers to reduce the "highly restrictive" interest rates.
Yannis Stournaras addressed the 'Risk Management & Compliance Conference' as a keynote speaker on Monday
The Greek central banker, considered as among the “doves” on the European Central Bank's governing council, also said the latter must differentiate its positions from the FED
Greece's central banker also said high market prices in the country bely a problem with competitiveness
Despite the economic "success story", the influential central banker tells LSE audience that pending issues remain in order to upgrade economy's long-term competitiveness
Influential Greek central banker addresses event at the University of Liverpool
He added that recent data shows that the goal to keep inflation at 2% will be reached in the autumn
Central banker underscored the significance of leveraging available European funds, particularly the Recovery and Resilience Facility (RRF) in strategic sectors of the economy
Greek central banker says tax breaks should be reconsidered – a standing policy plank of current Mitsotakis government.