Lagarde: Once Data Confirms Inflation Path, Rate Cut Can Begin; Euro Slips Slightly in the Short Term

Christine Lagarde, President of the European Central Bank, stated that once data confirms the inflation path, the European Central Bank can begin cutting interest rates. Following this announcement, the euro slipped slightly against the US dollar, with EUR/USD decreasing by over 10 points in the short term and currently trading at 1.0968.