European Central Bank (ECB) President Christine Lagarde said that the rate cuts will continue, but it will be determined by underlying economic data in the coming months, per Le Monde. 

Key quotes

To base size and order of cuts on economic data. 

No Euro-Area recession expected from 2024-2026. 

Reaffirms commitment to continued interest rate reduction.

Remain prudent on inflation outlook, our goal is in sight but cannot say inflation is completely under control. 

Future rate cuts are dependent on economic data in coming months.