ECB's Makhlouf signals interest rate decline amid data-driven uncertainty

Interest rates are expected to decrease, but the speed of the reduction will depend on economic data.

The current policy is still restrictive, and unless there are unexpected shocks, rates will continue to decline.

The outlook is cautious due to data volatility and uncertainty surrounding trade partner policies. The trajectory of rate reductions remains open-minded, with flexibility to respond to changing economic conditions.

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