Reported 12 months ago
Inflation in the eurozone fell to 2.5% in June but remains above the European Central Bank's preferred level. The ECB, led by President Christine Lagarde, is taking a cautious approach and is not rushing to implement more rate cuts following a small reduction in the benchmark rate. Lagarde emphasized the need to ensure inflation is firmly under control before considering further rate cuts, with the focus on maintaining a balance between containing inflation and avoiding economic downturns.
Source: YAHOO