After announcing a 25 basis point rate cut, the President of the European Central Bank speaks out.

European Central Bank President Lagarde said on the 5th local time after the monetary policy meeting that although the ECB decided to cut the three key interest rates by 25 basis points that day, marking the start of a new phase in the current monetary policy cycle, the future interest rate trend will depend on economic data performance. The ECB will flexibly respond to changes in the situation, continue to firmly achieve its price stability target, and will not pre-set the policy path.