European Central Bank Governing Council member Rehn: Continuing to cut interest rates in the current context is reasonable, and the scale and speed depend on the data

ChainCatcher news, according to Jinshi reports, ECB board member Lane stated that regardless of the measures taken by the Federal Reserve, the ECB should continue to lower borrowing costs. He said: "In the context of a downward trend in inflation becoming established and a weakening growth outlook, it is reasonable to continue cutting interest rates. The direction of interest rates is clear, and the scale and pace of rate cuts depend on the data to be released soon."

Lane stated that the ECB "is not the 13th district bank of the Federal Reserve system; we make decisions based on our own mandate, which is to maintain price stability in the Eurozone." Economists and investors expect the ECB to cut rates again in less than three weeks, with economists anticipating three more cuts thereafter. Meanwhile, the Federal Reserve is slowing down the pace of rate cuts.