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ECB Executive Board Member Schnabel Highlights High Threshold for Further Interest Rate Cuts
2 week ago /
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Author：小编
Isabel Schnabel, a member of the Executive Board of the European Central Bank (ECB), has stated that a significant drop in inflation would be required to justify another interest rate reduction. She emphasized that the current interest rate environment is favorable, with inflation declining as anticipated, and the eurozone economy demonstrating resilience. In an interview on July 9, Schnabel underscored that the bar for additional interest rate cuts is set very high and would only be considered if medium-term inflation significantly deviates from the target. Currently, she does not observe any indications of such a deviation.
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