The European Central Bank’s (ECB) policymaker Joachim Nagel expressed optimism regarding interest rates. He indicated that the ECB has potential to lower rates more if inflation aligns with its 2% target for the year. In a statement made on Tuesday, Nagel described the outlook for inflation as encouraging. The ECB remains committed to ensuring price stability in the Eurozone, and a drop in inflation would signal a more favorable environment for reducing rates.