The European Central Bank (ECB) may reduce interest rates further as eurozone inflation drops close to its 2% target, according to policymaker François Villeroy de Galhau. With inflation easing and economic growth slowing, the ECB sees room for gradual rate cuts, possibly starting in June. Villeroy emphasized a data-driven approach amid external pressures like U.S. tariffs, while affirming that the eurozone is not facing a recession, and monetary policy flexibility remains essential.
Multiple blasts were reported at three military air bases in Pakistan, including the strategic Nur Khan Airbase near Islamabad, prompting authorities to shut down national airspace temporarily. The nature of the explosions and potential casualties remain unclear, but initial reports suggest heightened security concerns. The incident comes amid growing regional tensions, and officials have yet to issue a formal statement confirming the cause or those responsible for the attacks.
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