European Central Bank President Christine Lagarde said a rate cut could be possible in July as fresh data showed the eurozone economy losing momentum. Her comments reflect growing pressure on policymakers to respond to weaker growth across the bloc.

The ECB has been weighing how quickly to ease borrowing costs after a stretch of sluggish economic performance and cooling inflation. A move next month would mark a significant shift in the central bank's stance if officials conclude that support is needed to stabilize the region.

Lagarde did not promise an immediate cut, but her remarks suggested the option remains under active discussion. Markets will now watch upcoming inflation and growth readings closely, along with signals from other ECB officials, for clues on the bank's next step.

Any decision in July would shape borrowing costs for businesses, households and governments across Europe. For now, policymakers appear focused on balancing slower growth against the need to avoid easing too quickly before inflation is fully under control.