ECB’s Schnabel does not rule out rate cut before mid-2024

Executive board member deems more rate hikes “rather unlikely”

Isabel Schnabel
Bernd Hartung/European Central Bank

Isabel Schnabel does not rule out a rate cut in the first half of 2024, stressing the European Central Bank (ECB) should remain open to reacting to incoming economic data.

The ECB’s executive board member in charge of market operations highlighted that eurozone inflation has declined faster in October and November, in an interview with Reuters published today (December 5).

Asked if she was not ruling out a rate cut before mid-year, Schnabel explained that inflation has surprised the governing

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