ECB Vice President Guindos: No promises for further action after June rate cut

According to Jinshi, ECB Vice President Guindos said that after the planned rate cut in June, no further action would be promised in the future. He stressed: "We have been very, very clear and transparent about our decision in June. After that, we will rely on data and we don't want to commit to any path."

The debate within the ECB over the pace of policy easing after the first rate cut in June is heating up. As the economy experienced a mild recession in the second half of last year, some people hope to help boost the recovery, while others are worried about uncertainty, especially wage trends.