European Central Bank Governing Council Member Kazaks: The European Central Bank is able to observe the economy from a "good position."

European Central Bank board member Kazaks said that the European Central Bank has entered a new phase of monetary policy, where officials can focus on monitoring the economy rather than actively intervening to change the direction of economic development. He stated that the current inflation target is at 2% and recent data has not shown any significant changes in prospects since the quarterly forecast in June. Therefore, there is currently no need to further lower interest rates. He said, "We see good news and bad news, but these news are not enough to make us rethink what we need to do." "I believe we are still in a good position."