The European Central Bank Governing Council member, Joachim Nagel, highlighted the institution's flexible approach to interest rates in an interview with CNBC. He emphasized the importance of remaining adaptable in an uncertain economic environment and refrained from speculating on the possibility of a larger rate cut in the future.

Nagel stated that discussions about specific rate adjustments, such as a 25 basis point cut, may not be helpful at this time. He emphasized the need to wait for new economic data before making any decisions regarding future monetary policy. These comments reflect the cautious stance of the ECB as it deals with ongoing economic challenges.