The nation's central bank signaled a potential interest rate cut later this year, as new data shows inflation is cooling faster than expected. In a press conference, the bank's governor noted that, following an aggressive campaign to rein in soaring costs, "significant progress" has been made in curbing rising prices, opening the door for a less restrictive monetary policy. A rate cut would lower borrowing costs for consumers and businesses, potentially stimulating economic activity. The news was met with cautious optimism in the financial markets, with bond yields falling and stock futures ticking up. However, the governor stressed that any decision would be data-dependent, and the bank remains committed to its 2% inflation target.