The European Central Bank's interest rate reduction path is uncertain and will still rely on economic data to determine future policies.
The European Central Bank did not provide any clues about when the next interest rate cut will be on Thursday. Lagarde and other policymakers are waiting for data on the severity of the economic deterioration in the eurozone and how this will affect inflation.
Report: Officials from the European Central Bank have not ruled out the possibility of an interest rate cut in October.
Given the downward risks facing economic growth in the euro area, European Central Bank officials are hoping to retain the option of lowering interest rates at the October meeting. Analysis indicates that prior to the October meeting, there is only one new inflation data available to determine whether the euro area economy will decline, and policymakers need to rely on data such as PMI for this.
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