(Bloomberg) -- European Central Bank Governing Council member Yannis Stournaras said borrowing costs will probably be lowered to about 2% around the autumn of this year.
“The base interest rates of the central bank should fall to around 2%, around the fall of 2025,” Stournaras told Greece’s Skai Radio, according to a transcript published Thursday by the Bank of Greece.
He said the prediction — which he’s given before — remains subject to “unforeseen circumstances,” citing risk factors in Europe and America.
The outlook is similar to that of economists and investors, who see the ECB loosening monetary policy at every meeting until mid-2025 as inflation stabilizes at the 2% target and the region’s economy struggles.
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