Gabriel Makhlouf, a member of the European Central Bank Governing Council, stressed the need for a cautious approach to interest rate cuts, indicating that there is no rush to implement larger reductions.

Makhlouf expressed confidence in the effectiveness of the current policy, stating that as long as the policy is working, the target will be achieved. He dismissed the idea of speeding up the process, reaffirming his belief in a careful and prudent strategy.

This position suggests that the ECB is committed to carefully assessing economic conditions before making significant changes to interest rates, in line with broader monetary policy objectives.