ECB Governing Council's Stournaras: ECB rates expected to fall to 2% by this fall

“The ECB's benchmark interest rate should fall to around 2% by around the fall of 2025,” ECB Governing Council member Stournaras, the governor of the Bank of Greece, told Greek radio station Skai, according to a transcript published by the Bank of Greece on Thursday. He said the forecast would still be subject to “unforeseen circumstances,” citing risk factors in Europe and the United States. Economists and investors believe the region's economy is struggling as inflation stabilizes at its 2 percent target and the ECB cuts rates at every meeting until mid-2025.