ECB’s Stournaras Sees Smaller Likelihood of Further Rate Hike

The unexpectedly large fall in energy prices alongside slowing euro-zone inflation suggest the European Central Bank may not have to add to June’s interest-rate increase, Governing Council member Yannis Stournaras said. The unexpectedly large fall in energy prices alongside slowing euro-zone inflation suggest the European Central Bank may not have to add to June’s interest-rate increase, Governing Council member Yannis Stournaras said.