The European Central Bank will need to be cautious when deciding on further interest rate reductions and take its cue from incoming data, ECB President Christine Lagarde said on Wednesday. Traders hav

ECB's Christine Lagarde emphasised a cautious, data-driven approach to further rate cuts. She highlighted the need to address productivity gaps, energy costs, and digitalisation, calling for immediate action.

Top officials at the European Central Bank said they may accelerate the pace of rate cuts in coming meetings as the outlook for the eurozone economy darkens.