As G. Stournaras pointed out, the challenge for the coming period is to ensure that inflation continues to decline and will approach our target in time, while at the same time strengthening growth rates reaching sustainable levels that guarantee full employment
Monetary policy will remain restrictive for some timeexplained the governor of the Bank of Greece, Giannis Stournaras, speaking to the Brussels Hellenic Network, Argo, in honor of the new Members of the European Parliament of Greece and Cyprus on July 10.
As Mr. Stournaras pointed out, the challenge for the coming period is to ensure that the inflation will continue to decline, and will approach our goal in time, while at the same time growth rates will be strengthened reaching sustainable levels that guarantee full employment.
According to the June projections, inflation is expected to take shape below target in all quarters of 2026.
He did not comment on possible further rate cuts in the second half of the year, pointing out that “we have to wait and see how the data develops and, secondly, even with further rate cuts, monetary policy will remain accommodative.”
Source: Skai
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