European Central Bank Executive Board Member Schnabel: Threshold for Further Rate Cuts Is Very High

By: theblockbeats.news|2025/07/11 07:46:37

BlockBeats News, July 11th, European Central Bank board member Schnabel stated that the ECB is currently in a favorable position as mid-term inflation expectations are set to reach the target level and the risks to economic growth outlook are more balanced. Therefore, the threshold for another interest rate cut is very high. The plan is to gradually reduce the central bank's bond purchase portfolio to zero. (FX Street)

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