ECB Executive Board Member Schnabel: The Threshold for Further Rate Cuts Is Very High
According to ChainCatcher, European Central Bank Executive Board member Schnabel stated that, as medium-term inflation expectations are expected to reach target levels and the risks to economic growth prospects are now more balanced, the ECB is currently in a favorable position. Therefore, the threshold for another rate cut is very high. The ECB plans to gradually reduce its monetary policy bond portfolio to zero.
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