Advice from Schnabel: ECB Should Proceed Cautiously with Interest Rate Cuts

Isabel Schnabel, the Vice President of the European Central Bank (ECB), expressed that the ECB should proceed cautiously regarding any potential interest rate cuts. She emphasized the importance of a careful approach to changes in monetary policy in light of the current economic conditions in Europe. Schnabel noted that while inflation is gradually decreasing, this does not mean that the central bank can quickly begin lowering rates without considering price stability and the economy.

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