FRANKFURT (Reuters) – A European Central Bank rate cut in April is increasingly likely since inflation is slowing, wage growth is moderating and service price pressures are easing, Greek central bank chief Yannis Stournaras said.
“Everything points in the direction of a cut in April,” Stournaras, one of the longest serving members of the ECB’s Governing Council, told media outlet Econostream.
“But this is not April. It is still March. We have one month to go, so I cannot tell you that we’re going to cut … If it was today, I would be more certain that we’re going to have a cut.”
(Reporting by Balazs Koranyi; Editing by Andrew Cawthorne)
