ECB Monetary Easing Urged

ATHENS (Reuters) – Yannis Stournaras, a policymaker at the European Central Bank, advocated for continued monetary easing through rate cuts amid potential U.S. protectionism.

Stournaras expressed concerns that new protectionist measures from the U.S. could negatively impact the euro zone’s moderate growth and lead to below-target inflation levels. He emphasized the necessity for the ECB to maintain a course of monetary policy easing, suggesting a series of interest rate cuts at upcoming Governing Council meetings.

However, he advised that these cuts should be gradual and supported by substantial evidence.