ECB Board Member Schnabel Advocates Against Back-to-Back Rate Cuts
Friday, 17 May 2024, 08:36
European Central Bank board member, Isabel Schnabel, recently spoke up against the idea of implementing back-to-back interest rate cuts.
In her argument, Schnabel highlighted the ongoing risks of inflation leaning towards an increase, suggesting a cautious approach to monetary policy adjustments.
She emphasized the importance of a balanced strategy to ensure economic stability amid evolving market conditions and potential challenges.
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