Reported 11 months ago
Joachim Nagel, a European Central Bank Governing Council member, suggests that the ECB may not cut interest rates again anytime soon as it monitors inflation reaching its 2% target. Nagel emphasized the need for caution due to economic uncertainty and evolving price pressures, mentioning decisions will be data-driven and made meeting by meeting. Other policymakers echoed similar sentiments, cautioning against quick follow-up rate cuts and emphasizing the importance of monitoring inflation levels and wage growth to ensure economic stability.
Source: YAHOO