Reported 3 days ago
Gabriel Makhlouf, a member of the European Central Bank's Governing Council, has emphasized the need for a prudent and cautious approach regarding interest rate cuts. He stated that there is no urgency to accelerate rate reductions and expressed confidence that the ECB will achieve its inflation target of 2% by 2025. As the bank prepares for its final meeting of 2024, he stressed the importance of making well-informed decisions based on updated projections.
Source: YAHOO