ECB's Stournaras: The rate cutting is nearly done

European Central Bank (ECB) policymaker Yannis Stournaras said on Friday, “the rate cutting is nearly done.”

Additional takeaways

ECB has achieved a soft landing.

The best thing for the ECB is to wait and see.

Given uncertainty, you can never say it is done.

ECB may cut if the economy weakens and inflation falls.

There are downside risks to growth.

The ECB is quite confident on forecasts.