The European Central Bank should continue to gradually reduce interest rates, with the aim of getting closer to 2% by the end of the year, according to the Bank of Greece Governor and ECB Governing Council member Yannis Stournaras.

In an interview with Naftemporiki, he said that inflation in the eurozone continues to decelerate in line with expectations and perhaps even more, while the economy is probably weaker than anticipated under the threat of tariffs from the US.

"We are called upon to continue gradually because of the high uncertainty, with interest rate cuts that in my assessment should be at the level of 25 basis points at a time, so that by the end of 2025 they are closer to 2% from 3% where they are today," he stressed.

On possible Trump tariffs, he said that "The US government will think twice before implementing what has been reported," Bloomberg reported.

According to him, the first thing Europe should do is to appoint a special negotiator for this critical issue, for example, the European Commission.

"As the ECB, we are working on a number of scenarios regarding the implications, but the key thing is for European leaders to think about how the EU will react to the possible tariffs," he explained.