ECB’s Stournaras: Three ECB cuts now more likely in 2024

The European Central Bank (ECB) Governing Council member and  Governor of the Bank of Greece, Yannis Stournaras, said on Friday that the central bank will probably lower borrowing costs three times this year instead of four, according to Bloomberg. 

Key quotes

“We now consider three rate cuts in 2024 as the more likely scenario.”