Headlines
ECB must remain cautious given 'exceptional' global events, says Makhlouf
Published by Global Banking & Finance Review®
Posted on March 24, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on March 24, 2025
1 min readLast updated: January 24, 2026
ECB's Gabriel Makhlouf advises caution on interest rate changes due to global events, despite improving inflation trends.
DUBLIN (Reuters) - The European Central Bank must remain cautious about its next interest rate move given "exceptional" global events, even though inflation is moving in the right direction, governing council member Gabriel Makhlouf said on Monday.
"We do need to be cautious about changes to our monetary policy stance where we're not yet at (inflation) target, and when quite exceptional events are happening around the world which could have a direct effect on inflation,” Makhlouf told reporters in Dublin.
"So I remain cautious about how we move from our current stance," he said, adding that he would not comment on the likelihood of another rate cut in April.
(Reporting by Padraic Halpin, Editing by Sachin Ravikumar)
The main topic is the ECB's cautious approach to interest rate changes due to global events affecting inflation.
The ECB is cautious because of exceptional global events that could directly affect inflation.
Gabriel Makhlouf is a member of the ECB's governing council who commented on the need for caution in monetary policy.
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