{"id":449314,"date":"2026-05-28T10:59:08","date_gmt":"2026-05-28T10:59:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/449314\/"},"modified":"2026-05-28T10:59:08","modified_gmt":"2026-05-28T10:59:08","slug":"ecb-policymaker-stournaras-confirms-a-rate-hike-in-june-is-the-most-likely-development","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/449314\/","title":{"rendered":"ECB policymaker Stournaras confirms a rate hike in June is the most likely development"},"content":{"rendered":"<p data-path-to-node=\"0\" data-v-6bf95c48=\"\">The Governor of the Bank of Greece and ECB Governing Council member, Yannis Stournaras in a Wednesday interview with Greek newspaper Kathimerini acknowledged that while inflation overshoots might be temporary, the current environment necessitates a &#8220;careful adjustment&#8221; toward restrictive policy and a rate hike in June is now highly likely. He said that the primary goal of the hike is to prevent second-round effects without causing excessive damage to economic activity. <\/p>\n<p data-path-to-node=\"6,0,0\" id=\"p-rc_3826c9b4474e7de7-24\" data-v-6bf95c48=\"\">Stournaras has historically been an advocate for maintaining low rates to support Eurozone growth, particularly in Southern Europe. His recent assertion that a June hike is the &#8220;most likely development&#8221; signals a shift in stance. Stournaras public support for a hike suggests a growing consensus within the Governing Council.<\/p>\n<p data-path-to-node=\"6,0,0\" id=\"p-rc_3826c9b4474e7de7-24\" data-v-6bf95c48=\"\">This reinforces the expectation of a 25 bps hike in June, as the central bank prioritizes price stability over the risk of a minor economic slowdown. The market has already priced in a rate hike in June with probabilities standing around 95%, so that&#8217;s not going to be a surprise and it&#8217;s unlikely to trigger meaningful reactions. <\/p>\n<p data-path-to-node=\"6,0,0\" id=\"p-rc_3826c9b4474e7de7-24\" data-v-6bf95c48=\"\">Traders will be focused more on the forward guidance with the ECB expected to take a pause at least until September to see how the economic data and the US-Iran situation evolve over the summer. It goes without saying, that everything could change on a dime if the Strait of Hormuz is reopened before the June meeting and oil prices fall quickly. <\/p>\n","protected":false},"excerpt":{"rendered":"The Governor of the Bank of Greece and ECB Governing Council member, Yannis Stournaras in a Wednesday interview&hellip;\n","protected":false},"author":2,"featured_media":19649,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-449314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/449314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=449314"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/449314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/19649"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=449314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=449314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=449314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}