The hurdle for another interest rate cut by the European Central Bank is “very high” as the euro zone economy is holding up better than expected and inflation is moored at 2%, ECB board member Isabel Schnabel said in an interview published today.
“Inflation is projected to be at 2% and inflation expectations are well anchored,” Schnabel told financial newswire Econonostream.
“In view of this, our interest rates are also in a good place, and the bar for another rate cut is very high.”
