Headline: ECB/Lagarde: Exercising Caution in Interest Rate Cuts

European Central Bank (ECB) President Christine Lagarde responded to a question regarding market expectations for more substantial rate cuts, emphasizing the need for the ECB to proceed cautiously when considering further interest rate reductions. Speaking at an event in Washington, Lagarde stated, "We need to be cautious because data will come in and show us the state of the economy, inflation, and the underlying conditions of inflation. Our decisions will have a judgmental aspect, but we must really be cautious in doing that."