European Central Bank Committee: European Central Bank faces the risk of 'unnoticed' excessive interest rate cuts

On February 24, the Golden Data reported that according to the Financial Times, European Central Bank committee member Wenshu said that the European Central Bank faces the risk of cutting interest rates too much inadvertently and needs to be prepared to stop the rate cut as soon as possible. It is widely expected in the market that the European Central Bank will cut the deposit Intrerest Rate from 2.75% to 2% by the end of the year, as there are signs of economic weakness in Europe. Wenshu said, 'I am not begging for a pause in rate cuts in April, but we must not blindly lower the Intrerest Rate to 2%.' Let's keep an open mind - if the data proves that further rate cuts are reasonable, the European Central Bank will cut rates; otherwise, it may have to pause the rate cuts. Schnebel, a member of the influential six-person European Central Bank Executive Board, also hinted that since June, the European Central Bank has already lowered the deposit Intrerest Rate from 4% to 2.75%, possibly completing most of the rate cuts.