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ECB Executive Board Member Schnabel: Threshold for Further Interest Rate Cuts Very High

Summary: According to sources, ECB Executive Board Member Schnabel stated that due to mid-term inflation expectations reaching target levels and a more balanced economic growth outlook, the ECB is currently in a favorable position. Therefore, the threshold for further interest rate cuts is very high. The plan is to gradually reduce the monetary policy bond portfolio ...

According to sources, ECB Executive Board Member Schnabel stated that due to mid-term inflation expectations reaching target levels and a more balanced economic growth outlook, the ECB is currently in a favorable position. Therefore, the threshold for further interest rate cuts is very high. The plan is to gradually reduce the monetary policy bond portfolio to zero.

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