Bank of Greece Governor Yannis Stournaras told Insider an October ECB rise cannot be ruled out if September inflation or energy costs push a deep adverse scenario, and that the ECB would wait if there is doubt. Bloomberg Economics on 19 September said the Governing Council member told the outlet the central bank must watch upside inflation risks but should not act hastily.
Insider wrote that Stournaras spoke to Bloomberg in Dublin. Inflation stood above 3 per cent after two rate rises since the Iran war. Bloomberg Economics on 19 September 2026 said the Governing Council member told the outlet the ECB must stay vigilant on upside inflation risks but should not rush a rate rise.[1], [2]
Stournaras told Insider an October rise cannot be ruled out if September inflation or energy costs drive a deep adverse scenario. With any doubt, he said, the ECB would wait for the next forecast round and there is no reason to rush. Bloomberg likewise said the central bank should not act hastily. Markets, Insider wrote, largely price a third 25 basis-point rise in the deposit rate to 2.75 per cent.[1], [2]
Insider wrote that Stournaras called the absence so far of second-round effects through wages good news and said that cannot be taken as given. Bloomberg said the same: second-round effects via wages had not appeared so far, but that this could not be taken for granted. He also told Insider that this week's Federal Reserve decision helped the credibility of monetary policy globally. Dublin remained the interview city.[1], [2]
