ECB Executive Member: There is still room for rate cuts, inflation close to target

 Chiara Gorelone, a member of the European Central Bank's executive committee, said that there is still room for interest rate cuts and inflation has almost reached its target. He pointed out that the economic fundamentals are not significantly different from the forecast in December last year, and interest rate cuts are consistent with the downward trend of inflation. Gorelone added that there is currently no evidence that inflation may be below the target, the overall risk tends to be balanced, and there is no sign of economic recession. Soft landing is still the main scenario.