European Central Bank Governing Council Member Stournaras: Supports gradual interest rate cuts, geopolitical risks may undermine global economic growth

European Central Bank Governing Council member Yannis Stournaras stated that reducing borrowing costs should be done gradually, emphasizing that actions should be robust and based on existing data amid increasing uncertainty. He pointed out that if medium-term inflation is below the target, the possibility of significant interest rate cuts cannot be ruled out. The eurozone's economic growth is expected to be only 0.7%, and geopolitical risks and international trade pressures may further impact global economic growth and eurozone inflation