European Central Bank to base interest rate decisions on economic data

A member of the European Central Bank Governing Council stated that decisions regarding interest rates will depend on economic data, especially given the significant uncertainty caused by the Iran war and its impacts on the eurozone economy. Alvaro Santos Pereira explained that the current situation is characterized by nearly daily fluctuations related to the Middle East conflict, and that the bank is currently focused on monitoring data to understand the effects of the situation before making any new decisions, with interest rates expected to remain steady at the upcoming meeting following a previous increase last month.

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