Gabriel Makhlouf, a member of the European Central Bank Governing Council, stressed the importance of a careful approach to monetary policy and advised against rushing into interest-rate cuts.

Makhlouf stated that there is no need to hurry the process as the current monetary policy cycle nears its end. He recommended a cautious and prudent strategy, highlighting the significance of maintaining a deliberate pace for effective decision-making in the changing economic landscape.

During a recent event, the head of the Irish central bank emphasized the need to thoroughly evaluate economic conditions before making any adjustments.