ECB's Stournaras says further interest rate rise in September 'looks difficult'

A further rise in euro zone interest rates in September looked 'difficult', Greek central bank chief Yannis Stournaras said in an interview with a Greek news website released on Friday.

Bank of Greece Governor Yannis Stournaras attends the annual meeting of the bank's shareholders in Athens, Greece April 1, 2019. REUTERS/Costas Baltas/File Photo

"It looks like we are very close to the end of interest rate rises," Stournaras, considered a dove on the ECB's 26-member Governing Council, told capital.gr. The European Central Bank raised interest rates for the ninth consecutive time on Thursday, but raised the possibility of a pause in September as inflation pressures show tentative signs of easing and recession worries mount.

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