European Central Bank committee: The European Central Bank must remain cautious about further interest rate cuts.

Member of the European Central Bank's Governing Council Madis Muller stated that the central bank cannot rule out the possibility of further lowering borrowing costs, but must proceed with caution as there is currently no clear need to actively support economic growth. "For me, the starting point is that interest rates are already low enough and will not hinder our economic recovery," the head of the Estonian central bank said in an interview in Tallinn on Monday. Despite the potential rationale for further loosening monetary policy, "I believe the reasons for a significant interest rate cut are not clear."