ECB President Lagarde Discusses Future Rate Cuts

According to Odaily, European Central Bank (ECB) President Christine Lagarde has stated that the pace of interest rate cuts will be determined at a later stage. She emphasized that making arbitrary decisions to raise rates by 50 basis points based solely on economic forecasts is inadvisable. Lagarde highlighted the need for careful examination and detailed consideration, as the economy is approaching a hoped-for equilibrium point.