ECB's Stournaras advises waiting on rate hike

Yannis Stournaras, a member of the European Central Bank's Governing Council, has recommended a cautious approach regarding interest rate decisions. He stated that the central bank "should wait" before implementing any further rate hikes, particularly ahead of the upcoming policy meeting. This stance suggests a need for further assessment of economic conditions and potential impacts before adjusting monetary policy. The advice indicates a potential pause in the ECB's tightening cycle.