Recent comments from ECB Governing Council member Holzman suggest that October may not be an appropriate time for another adjustment to interest rate policy. In the current economic environment, a 2.5% interest rate level is considered close to what is known as the neutral rate, meaning this rate level neither stimulates nor restrains economic growth. Holzman's view underscores the complexity and forward-thinking required in decision-making, while also reminding market participants that the formulation of monetary policy requires a comprehensive consideration of various economic indicators and potential risks.