Member of the European Central Bank (ECB) Governing Council and Bank of Greece (TtE) Governor Yannis Stournaras (pictured) remarked on Monday that the former institution is "definitely close" to the end of its interest rate hikes.
Speaking at the Economist Impact event in Athens, Stournaras could not rule out further raises in the rates as "we cannot say now" and stressed the ECB will be taking a data-based approach when it comes to future decisions. He also noted the importance of data for making a call on introducing a terminal interest rate.
Earlier in the day, ECB Chief Economist Philip Lane described the possibility of another rate hike in July as "appropriate."
