Reported 8 months ago
European Central Bank Executive Board member Isabel Schnabel downplayed the likelihood of interest rates in the euro zone significantly differing from those in the US. Schnabel mentioned that while there may be some temporary divergence, she is not particularly concerned as the macro economy is not entirely similar between the two regions, although the inflation side does not appear significantly different. This discussion arose after the US saw stronger than expected inflation, leading to expectations of more interest rate cuts in the euro area compared to the US.
Source: YAHOO