European Central Bank Executive: There is still room for interest rate cuts, inflation is close to target

European Central Bank Executive Board member Fabio Panetta said there is still room for interest rate cuts, as inflation is almost at target. He pointed out that the economic fundamentals have not significantly differed from the forecast in December last year, and the trend of interest rate cuts is consistent with falling inflation. Panetta added that there is currently no evidence to suggest that inflation might be below target, risks are generally balanced, and there are no signs of an economic recession; a soft landing remains the main scenario.