ECB Official Sees No Immediate Need for Rate Cut Amid Economic Uncertainty

According to BlockBeats, European Central Bank (ECB) Governing Council member Kazaks stated that there is currently no need to lower interest rates. In an interview with TV24, he mentioned that the current inflation rate is approximately 2%, and economic growth is sluggish. He emphasized that there is no justification for a rate cut at this stage. This statement follows the ECB's decision last week to keep borrowing costs unchanged for the second consecutive meeting source: https://www.binance.com/en/square/post/29755813262217?utm_source=BinanceNewsRSS