European Central Bank policymaker Gabriel Makhlouf said on Tuesday he was comfortable with just one more interest rate cut this year as he needed more time to gain confidence inflation was headed to the ECB's 2% goal. Investors are pricing in at least one, but more likely two more ECB interest rate reductions by December after seeing inflation fall from 10% in late 2022 to just 2.5% last month. But Makhlouf, Ireland's central bank governor, struck a more cautious tone in an interview with Reuters, even though he expected rates to fall eventually. "I am comfortable with expectations of another cut," he said on the ... (full story)