Reported 10 months ago
Philip Lane, the Chief Economist of the European Central Bank, emphasizes the need for gradual and careful actions in lowering interest rates amid economic uncertainties. In a recent speech, Lane advocated for an open-minded approach to monetary policy that allows flexibility to adapt to various risks. With a potential rate cut looming before the year ends, analysts suggest monitoring upcoming growth and inflation data closely to determine the extent of future adjustments.
Source: YAHOO