ECB's Increasing Worries Over Economic Growth

European Central Bank (ECB) Governing Council member Olli Rehn expressed deep concerns on Friday regarding the slowing pace of economic growth. This sentiment hints at a potential shift in the ECB's strategy, moving towards a more cautious approach in the coming months.

A Call for Patience and Flexibility

Rehn emphasized the importance of taking "extra time for decisions" to ensure the ECB maintains its "full freedom for manoeuvre." This statement follows the ECB's recent decision to halt its cycle of interest rate cuts, keeping the rates steady amidst ongoing trade uncertainties.