TechFlow, April 24 — According to Jinshi Data, ECB Governing Council member Reijn said the European Central Bank may have to further cut interest rates and should not rule out larger rate cuts. Despite "broad uncertainty" arising from geopolitical and trade issues requiring policymakers to remain open-minded about the next steps, Reijn warned that recent tightening in financing conditions has begun to reveal risks to economic growth. "It is crucial that we maintain complete freedom of action, meaning we do not fixate on certain thresholds due to assumptions about the neutral interest rate, nor do we a priori exclude rate cuts of a certain magnitude," he said. "Now is the time for flexible and proactive monetary policy."
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