Inflation that’s headed toward the European Central Bank’s target will allow for more interest-rate cuts, but officials mustn’t rush, Governing Council member Joachim Nagel said.

Friday's unexpectedly weak survey on the health of the German economy merely confirm the country's predicament and discussion on the possible size of the next ECB interest rate cut needs to wait, Bundesbank chief Joachim Nagel said on Friday.

JPMorgan has shaken the markets with a revised bet for the European Central Bank (ECB) to cut interest rates by half a percentage point next month. The banking giant, originally expecting the move in January,

The European Central Bank should continue cutting interest rates as euro-area inflation is likely to reach 2% in the first half of 2025, according to Governing Council member Francois Villeroy de Galhau.