ECB President Lagarde Indicates Rate Cuts Before 2% Target

According to BlockBeats, on September 30, European Central Bank (ECB) President Christine Lagarde stated that the ECB will not wait for all indicators to reach the 2% target before cutting interest rates. This announcement suggests a more flexible approach to monetary policy, potentially signaling earlier rate cuts than previously anticipated. Lagarde's comments come amid ongoing discussions about the ECB's strategy to manage inflation and economic stability in the Eurozone. The decision to adjust interest rates before achieving the 2% target reflects the ECB's commitment to responding to economic conditions in a timely manner, ensuring that monetary policy remains adaptive and effective.