Reported 6 months ago
Isabel Schnabel, an Executive Board member of the European Central Bank, expressed caution regarding borrowing costs due to high uncertainty about the consumer-price outlook. She stated that, as future inflation remains uncertain, the ECB cannot commit to a specific rate path. Despite inflation expectations returning to the 2% target, the recent decision to lower interest rates by 25 basis points was made in light of the evolving economic conditions, signaling the complexity of future monetary policy decisions.
Source: YAHOO