Economic news
No need for ECB rates stimulus for now, Schnabel tells Bloomberg
2024.11.27 04:30
FRANKFURT (Reuters) – The European Central Bank should ease policy only gradually, and cutting rates to a level that starts to stimulate growth may not be appropriate, ECB board member Isabel Schnabel told Bloomberg in an interview published on Wednesday.
“Given the inflation outlook, I think we can gradually move toward neutral if the incoming data continue to confirm our baseline,” Schnabel said, referring to an interest rate level that neither stimulates not slows growth.
“I would warn against moving too far, that is into accommodative territory. I don’t think that would be appropriate from today’s perspective,” she said.
