Bostjan Vasle, a member of the European Central Bank's Governing Council, stressed the need for a cautious approach to adjusting interest rates.

In a recent interview, he advised against hastily lowering rates or excessively planning future cuts, advocating for a decision-making process based on data.

Vasle pointed out that current borrowing costs are approaching a level that neither hampers nor stimulates economic growth.

He emphasized the effectiveness of making policy decisions gradually, suggesting that this approach has historically benefited policymakers in navigating economic challenges.