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Eurozone needs more ECB stimulus: Policymaker

Gulf Today

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June 23, 2025

The euro zone economy is weak and needs “further stimulus” from the European Central Bank, ECB policymaker Mario Centeno said in an interview with the Italian daily La Stampa published on Sunday.

The ECB cut interest rates for the eighth time in a year earlier this month to support a sluggish recovery in the euro zone but clearly signalled a pause in July.

Centeno, whose term as Portugal's central bank governor ends before the ECB’s next policy meeting on July 23-24, backed further rate cuts.

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