According to the report, Gabriel Makhlouf, a member of the European Central Bank committee and governor of the Irish Central Bank, said that he is satisfied with another interest rate cut this year because he needs more time to ensure that the inflation rate is moving towards the target of 2%. During the European Central Bank Forum held in Sintra, Portugal, Makhlouf said during a break, "I am confident that I expect another interest rate cut." He said, "I think it may be a bit too much to expect to cut interest rates twice in early July. I'm not saying I would exclude this possibility."

Meanwhile, several European Central Bank officials agreed to pause after the interest rate cut in June to observe the inflation situation. European Central Bank President Lagarde said that there is not enough evidence yet to indicate that the inflation threat has passed, which reinforces expectations that the European Central Bank will pause interest rate cuts this month.

Lagarde said on the European Central Bank forum held in Sintra, Portugal on Monday that the ECB has time to evaluate the information to be released because the eurozone job market remains strong. She said it is too early to declare victory after the price spike.

Lagarde said, "We still face several uncertainties about future inflation, especially how the relationship between profits, wages and productivity will evolve, and whether the economy will be affected by new supply-side shocks. We need time to collect enough data to ensure that the risks of inflation being higher than the target are behind us."

This statement indicates that the European Central Bank is inclined to keep the lending cost unchanged when it holds a meeting later this month. After lowering the borrowing cost for the first time last month, European Central Bank officials are carefully evaluating the possibility of further interest rate cuts. They are particularly concerned about service industry inflation and wage growth, which they believe are key drivers of future price trends.

European Central Bank Chief Economist Lane also said last month's inflation data did not provide an answer to the European Central Bank's question about underlying price pressures. He joined the European Central Bank President Lagarde in implying that it is unlikely to cut interest rates again in July and called for patience from all parties to gather evidence that the European Central Bank is moving towards its 2% inflation target.

Lane said during the European Central Bank's annual forum in Sintra, Portugal on Tuesday:"The real issue to be discussed at the July meeting will be economic issues. From the June inflation data, we still have questions about service sector inflation. These data do not solve this problem."

Pierre Wunsch, a member of the European Central Bank committee and governor of the Belgian Central Bank, also said that the next interest rate cut of the European Central Bank is still a relatively easy decision, but follow-up action will only be taken when the inflation rate is clearly moving closer to the target of 2%. However, he said that even the second interest rate cut is not urgent, and the European Central Bank may wait until September to announce the next forecast.