European industrial decline prompts ECB to consider interest rate cuts

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The drumbeat for change is getting louder and clearer, with the European Central Bank finding itself at a critical crossroads. The time has come, not just for contemplation but for decisive action, as the voices from within its own ranks push for a shift in strategy. Yannis Stournaras, a figure in the ECB’s Governing Council and the head of Greece’s central bank, has made a bold call that cannot be ignored. He asserts that the ECB must engage in a double round of interest rate cuts before the summer siesta hits in August, and not stop there. The journey through 2024 requires two more cuts, making it a quartet of adjustments.

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https://www.msn.com/en-us/money/markets/ecb-now-has-no-choice-but-to-cut-interest-rates-before-summer/ar-BB1k1uY0?ocid=msedgntp&pc=U531&cvid=7450ce5e1b784e0bb505496c99a3e772&ei=36

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