🔥 The European Central Bank signals more interest rate cuts this year
🔥 Stournaras, a member of the European Central Bank Committee, noted that two additional interest rate cuts this year seem reasonable. Recent data has strengthened the rationale for further interest rate cuts. Even with two additional cuts, central bank interest rates will remain at restrictive levels. Stournaras also cautioned against over-interpreting services inflation.
🔥 The European Central Bank's decision to further reduce interest rates is based on recent economic data, which provided a stronger basis for such a move. Despite these cuts, the central bank's interest rates will remain at a restricted level, indicating a cautious approach towards stimulating the economy.
🔥 We point out that the Central Bank’s interest cuts are always against the euro and in favor of gold, precious metals, stocks and digital currencies #bitcoin #solana #nft
