European Central Bank board member Lane calls for caution in interest rate action, September may be suitable for reassessment.

Bundesbank President Weidmann has called on the European Central Bank to remain cautious in its next steps regarding interest rates. The ECB governing council member said, from a monetary policy perspective, "a steady hand is needed at the moment," and added that September might be an appropriate time for a "reassessment" of the situation. After eight interest rate cuts from June 2024 to June 2025, ECB officials have hinted at maintaining status quo at the July monetary policy meeting. Economists and markets are closely watching the ECB meeting on September 10-11, when new economic forecasts may provide officials with a clearer understanding.