ECB’s Schnabel Sees Only Limited Room for Further Rate Cuts
The European Central Bank needs to be wary of cutting interest rates too far as borrowing costs are already near a level that no longer restrains the economy and going lower could backfire, according to Executive Board member Isabel Schnabel.
Interest rates are nearing neutral territory, ECB's Isabel Schnabel has said, backing gradual cuts amid persistent inflation.
EUR/USD drops on Thursday as the US Dollar (USD) recovers after a weak Wednesday. However, the near-term outlook of the Euro ...
On the eurozone calendar today is the European Commission confidence data for November (downside risks) and German inflation ...
The only question is for how long and how far. Yesterday’s remarks by Isabel Schnabel clearly stressed the hawkish case, ...
Officials can continue to loosen monetary policy, but should do so only gradually to avoid taking rates below the so-called ...
EUR/AUD eased on Thursday as trading volumes thinned ahead of the U.S. Thanksgiving holiday. The euro eased against ...
US Dollar edges higher to 106.30 after steep declines. Euro stabilizes on ECB signals, while yen rallies on BOJ hike ...
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