ECB Governing Council Member Mueller said that after cutting interest rates for the first time in June, there is reason to expect the ECB to “cut” interest rates a few more times before the end of the year, provided that economic development meets expectations. He said that as long as the economic development meets our expectations, we have reason to expect interest rate cuts a few more times after June until the end of the year, but when and how many will depend on the development of the economic situation as we move forward.