In a public speech, European Central Bank Governing Council member and Bundesbank President Joachim Nagel pointed out that under the current circumstances, the European Central Bank should adopt a 'cautious' attitude and avoid making hasty adjustments to key interest rates. He mentioned that although Germany's inflation rate has returned to the ECB's target of 2%, tight labor markets and slowing economic growth may affect the recovery pace of overall inflation in the eurozone. Nagel stated, 'We cannot assume that prices will stabilize in time.' He emphasized that central bank decisions need to consider long-term impacts and avoid rapid declines in policy interest rates. Previously, the ECB had already lowered key interest rates in June, with the market widely expecting further rate cuts at the September 12 meeting. Despite this, Germany's inflation rate data for August showed positive signs, but the German economy experienced contraction over a six-month period, and recent economic activity surveys also indicated continued weakness.