The European Central Bank (ECB) is considering the possibility of cutting interest rates at least three times starting from June, according to statements made by a key policymaker.
Knot, a member of the ECB's Governing Council, suggested that the central bank could implement multiple rate cuts in an effort to stimulate economic growth and combat the impact of the ongoing global pandemic. This move is seen as a response to the economic challenges posed by the COVID-19 crisis.
