The European Central Bank will have to take a break from interest rates to give officials the opportunity to evaluate recent vibrations, in particular from trade, according to Bank of Greece Governor Yiannis Stournaras.

“Now it’s best to wait and see,” Mr Stournaras told Bloomberg. “It’s almost over, but with such uncertainty worldwide you can never say it’s over.”

These statements move in the same climate as ECB President Christine Lagarde comments on Thursday after reducing interest rates for eighth time, to 2%. The move left the officials “in a good position to navigate the uncertain conditions that will arise,” she said.

Officials are predicting a cessation of interest rates in July, and some may consider that the reduction campaign is over, according to Bloomberg citing a source with knowledge of the issue.

Mr Stournaras said a new reduction in borrowing costs would require the weakening of the economy of 20 eurozone countries beyond what is foreseen today, with the result that inflation remains below its target 2% – a scenario that does not see.

“The bar for another interest rates is high, for July and then,” he said in a separate interview with Bloomberg in London. “It would take great surprises downward to reduce interest rates again – so much weaker growth or much stronger deflation. But we keep all the options open, as uncertainty is high and there are many well -known and unknown factors. “

It is noted that inflation fell more than expected in May to 1.9%. The new Views of the ECB published on Thursday predict prices increase by only 1.6% in 2026 before reaching 2% in 2027.

“If there is a reversal of US tariff policy and a more careful fiscal policy in the US, euro power can be reversed quickly,” he noted.

At the same time, the economy has proven to be resilient with a stronger than expected performance at the beginning of the year, which was revised even higher on Friday, in a quarterly increase of 0.6%. However, it has not yet experienced the full power of US duties. The ECB expects growth of 0.9% this year and 1.1% next year.

“If the economy continues as we have predicted, I think we will stay at 2%,” Stournaras said. “If the economy is weakened, we can go below this level. If the economy is strengthened, we can change course. “