Reported about 5 hours ago
Joachim Nagel, a member of the European Central Bank's Governing Council, emphasized the importance of cautious and gradual interest rate cuts, even as inflation approaches the ECB's target. While inflation indicators suggest possible cuts, he warns against rushing, citing ongoing risks to consumer prices and potential impacts from global trade policies. He reassures that the ECB is on track for a sustainable return to the 2% inflation target, but stresses the need for prudence before making any decisions at their upcoming policy meeting.
Source: YAHOO