ECB's Stournaras: Another Rate Hike Less Likely After Energy Price Drop

European Central Bank Governing Council member Yannis Stournaras said an unexpectedly large fall in energy prices and slowing euro-zone inflation make it less likely the ECB will need to raise interest rates again after June's hike. Stournaras signalled that the data suggest the tightening cycle may be nearing its end. Euro-zone inflation has been gradually declining in recent months.