Boris Vujcic, a member of the European Central Bank (ECB) Governing Council, indicated on Friday that the ECB might initiate a reduction in the policy rate, but with more substantial adjustments. Vujcic expressed a preference for 25 basis points reductions when the process begins.

He noted that the overall economic situation in the Eurozone is currently favorable, characterizing the Euro area economy as being more in a state of stagnation than recession.

In contrast, Governing Council member Gediminas Šimkus mentioned that their outlook on a rate cut was still less optimistic than market expectations. He expressed confidence that the data would not support a rate reduction in March.