Reported about 1 month ago
Isabel Schnabel, Executive Board member of the European Central Bank, warns against rapid interest rate cuts, highlighting persistent inflation risks. Although there is confidence that inflation may return to the 2% target by late 2025, ongoing service sector inflation requires a cautious and data-driven approach to monetary policy adjustments. With expectations for further rate cuts this year, Schnabel cautions that the ECB should not rush its decisions as the inflation battle continues, emphasizing the need for careful analysis.
Source: YAHOO