Inflation is expected to be below target in all quarters of 2026
Monetary policy will remain restrictive for some time, the governor of the Bank of Greece said Giannis Stournaras speaking at the Brussels Hellenic Network, Argo, in honor of the new Members of the European Parliament of Greece and Cyprus on 10 July.
As he pointed out, the challenge for the coming period is to ensure that inflation continues to decline and approaches our target in time, while at the same time strengthening growth rates to sustainable levels that guarantee full employment.
According to June projections, inflation is expected to be below target in all quarters of 2026.
He did not comment on possible further rate cuts in the second half of the year, pointing out that “we have to wait and see how the data develops, and secondly, even with further rate cuts, monetary policy will remain accommodative.”
