ECB to proceed reducing charges in December, Stournaras says

ATHENS (Reuters) – The European Central Financial institution is predicted to proceed reducing rates of interest this month, ECB policymaker Yannis Stournaras stated on Monday.

“Apparently, we’ll proceed reducing rates of interest in December,” Stournaras, the governor on the Financial institution of Greece and one of many doves on the ECB’s Governing Council who favours decrease charges, advised a convention in Athens run by a Greek monetary web site.