Reported about 22 hours ago
Isabel Schnabel, a board member of the European Central Bank (ECB), has urged the bank to refrain from further interest rate cuts, emphasizing that current rates are low enough to support the economy. She highlighted rising inflation risks that could exceed the ECB's 2% target due to global economic turmoil and government spending increases, particularly from Germany. Snabel argued for maintaining a steady approach to monetary policy, suggesting that premature cuts could undermine future economic stability.
Source: YAHOO