European Central Bank board member Nagel said it was appropriate to maintain interest rates after eight rate cuts.

Joachim Nagel, member of the European Central Bank management committee, stated that maintaining interest rates unchanged this week is appropriate, given that inflation has reached the target of 2% and uncertainties surrounding US tariffs remain high. Nagel mentioned in an email statement that after eight consecutive reductions in deposit rates within a year, monetary policy has made a significant contribution to easing price pressures. "It is now reasonable to keep interest rates unchanged."