ECB's Nagel: We can stay in wait-and-see mode on rates

20/10/2025 | 20:00 GMT

The ECB is in no rush to cut further

From the ECB's perspective, they're in a real sweet spot. They've cut rates down to 2.15% from a high of 4.50%, which has put some stimulus in the pipeline but has also left them with some dry powder if they need to cut further.

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