ECB official Dolenc: The ECB's next move may be a rate cut or a rate hike

European Central Bank official Dolenc said that the ECB interest rates will remain unchanged for now, and the next step could be a rate cut or a rate hike. Given that the European economy remains resilient and inflation is stable at around 2%, Dolenc believes that there is no need to adjust borrowing costs this month, as there have been no "significant changes in any direction." "After September, we should observe the effects of monetary policy - how the data looks, how the forecasts look - and then make a decision," he said, "At that time, policy could evolve in any direction."