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At a conference in Hong Kong, Philip Lane, the Chief Economist of the European Central Bank (ECB), revealed that the ECB might further reduce interest rates and implement additional monetary easing measures to uphold economic growth and price stability. Lane emphasized that a failure to adjust the policy stance could jeopardize the achievement of the inflation target. Policymakers at the ECB are currently evaluating the precise pace and scale of reducing borrowing costs by 2025.
Last year, the ECB implemented four interest rate cuts, each amounting to 25 basis points. Despite the possibility of continued easing policies, some officials suggest that, given the economic stagnation and numerous risks, the likelihood of a more substantial 50-basis-point rate cut should not be discounted.
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