European Central Bank (ECB) Governing Council member Gabriel Makhlouf commented on Wednesday during a press conference that interest rates are likely to remain in the current territory in the "foreseeable" future.
"Whether that means at the next meeting we decide not to move would really depend on the facts at the next meeting," he explained, adding that the monetary policy path is not predetermined.
Makhlouf noted that while economic growth risks are tilted to the downside, inflation risks are mixed, given the unpredictability surrounding the global trade policies.
