Reported 1 day ago
Isabel Schnabel, Executive Board member of the European Central Bank, expressed concerns that Euro-zone inflation might remain above the ECB's target, complicating decisions on interest rate cuts. As the ECB prepares for a critical decision in April, Schnabel underscores that the risk of sustained inflation above 2% outweighs the chance of it dropping below that level. This perspective hints at potential opposition to further rate reductions, aligning with economists' expectations for two rate cuts in coming months while indicating a cautious approach towards the future.
Source: YAHOO