ECB’s Stournaras Sees Smaller Likelihood of Further Rate Hike

European Central Bank Governing Council member Yannis Stournaras said that falling energy prices and slowing eurozone inflation suggest the ECB may not need to increase rates beyond its June increase. Stournaras did not specify whether additional rate hikes would be ruled out entirely or delayed. The ECB raised rates in June as part of its ongoing monetary policy adjustments.

Next story