European Central Bank Maintains Interest Rates Amid Economic Stability

According to BlockBeats, Martin Kocher, the newly appointed Governor of the Austrian Central Bank and member of the European Central Bank's Governing Council, stated in an interview that the ECB could maintain interest rates at 2% if there are no significant economic shocks. Kocher mentioned that the current interest rate cycle has either ended or is very close to ending. On Thursday, the European Central Bank decided for the second consecutive meeting to keep interest rates unchanged at 2%. Kocher noted that if there are no major changes in economic data, the rationale behind this month's decision will likely remain valid in upcoming ECB meetings. When asked about his personal stance, Kocher expressed a preference for caution in monetary policy and advised against taking excessive risks concerning inflation.