Stournaras said that the euro area inflation rate may reach the target of 2% in the first half of 2025, which will prompt policymakers to cut the interest rate at a faster pace than previously expected. He supports lowering the interest rate by 25 basis points twice this year. The euro area inflation rate in September fell to 1.8%, the first time it has been below the target of the European Central Bank since 2021. There are almost no members in the Governing Council who fundamentally oppose the recent policy path of the European Central Bank.

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