Bank of Greece Governor Yannis Stournaras has defended recent interest rate increases, stating the central bank had no alternative given prevailing economic conditions. He cautioned that multiple elections could pose a threat to the nation’s economy, creating uncertainty and potentially hindering necessary reforms. Stournaras also presented revised inflation forecasts, indicating continued pressure on prices. He urged the government to pursue tax adjustments and structural reforms to bolster economic stability and growth. The Governor’s statements came during a recent forum where he outlined the rationale behind the central bank’s monetary policy decisions. He emphasized the importance of fiscal discipline alongside monetary tightening to effectively manage economic challenges. His comments reflect concerns about maintaining investor confidence and safeguarding Greece’s economic recovery.