"ECB Officials Debate Rate Cuts Amid Inflation Progress and Monetary Policy Divergence"

European Central Bank Governing Council member Mario Centeno highlighted progress in euro zone inflation, emphasizing the importance of medium-term inflation targeting and data dependency. He noted that domestic pressures have contributed to a decline in services inflation and expressed openness to considering all data before deciding on potential rate cuts, given the euro zone's stagnant economy. This comes in contrast to recent comments from other ECB members, such as Robert Holzmann, who indicated a shift away from discussing interest rate cuts amid new inflationary risks.