A European Central Bank member expects a slowdown in the pace of interest rate cuts in this case in the future.

European Central Bank policymaker and Slovak central bank governor, Peter Kazimir, made important statements on Monday regarding the monetary policy path, indicating that the European Central Bank will be in a strong position to continue its easing cycle if inflation proves to be declining at an accelerated rate.

In addition, Kazimir noted that the upcoming monetary policy committee meeting in December is wide open, meaning that all options are on the table. He added that if new economic data points to rising inflation risks, the European Central Bank could still slow the pace of interest rate reductions in future meetings.

At the same time, ECB member Simkus stated that the bank could lower the main interest rate to between 2% and 3%, which is considered the normal level for interest rates, noting that there is a possibility of reducing rates further if inflation continues to decline within the Eurozone.