European Central Bank Governing Council member Gabriel Makhlouf indicated that interest rates are set to decline, though the pace of this decrease will be influenced by economic data. He emphasized that while the current policy remains restrictive, uncertainty in trade partners' economic policies necessitates an open-minded approach to the rate reduction trajectory.
European Central Bank Governing Council member Gabriel Makhlouf emphasized the importance of a prudent and cautious approach to interest rate cuts. He stated there is no urgency for larger reductions, asserting that the current policy is effective and on track to meet targets.
European Central Bank Governing Council member Gabriel Makhlouf emphasized the need for a cautious approach regarding interest-rate cuts. In a recent speech, he stated that officials should carefully assess conditions and not rush, as the finish line is in sight, advocating for prudence in monetary policy decisions.
Gabriel Makhlouf, a member of the European Central Bank's Governing Council, emphasized the need for "powerful" data before considering significant interest rate cuts. He advocates for a cautious approach to maintain the trajectory of inflation towards the 2% target, stating that exceptional circumstances would warrant such a leap.
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