The European Central Bank is open to considering an interest-rate cut in October if the economy suffers a major setback – though the next comprehensive set of information will only be available at the following meeting,

The European Central Bank (ECB) is an independent institution not subject to any political pressure, its President Christine Lagarde said on Friday, rebuffing Italian calls for bigger interest rate cuts.

The European Central Bank cut its key interest rate again Thursday as inflation cools while president Christine Lagarde urged EU governments to institute sweeping reforms proposed in a "formidable" re