According to Jinshi Data, many ECB officials are cautious about future interest rate cuts. Governing Council member Nagel is inclined to gradually cut interest rates, and Makhlouf expressed caution when asked about a 50 basis point rate cut.
Chief Economist Lane believes there is reason to continue to cut interest rates in December, and the loose policy will continue in the coming months. Governing Council member Holtzmann expects a 25 basis point rate cut in December.
Vujcic, a member of the Governing Council, said that a small rate hike would be more appropriate in the context of uncertainty, and that the December decision would not be difficult to make. President Lagarde expected inflation to rise temporarily in Q4 and fall next year, and did not commit to a specific interest rate path in advance.