16 July
ECB’s Isabel Schnabel considers current interest rates are in “good place”
According to European Central Bank (ECB) Executive Board member Isabel Schnabel, the regulator’s interest rates are currently in a “good place”. She noted that price growth will likely return to the ECB’s 2% medium-term target.
Commenting on recent inflation trends in the eurozone, the official also highlighted the influence of declining energy prices following last year’s surge. The ECB forecasts inflation could slow to 1.6% in 2026, down from 1.9% the previous month.
Over the past year, the ECB has cut interest rates eight consecutive times. The latest 25-basis-point reduction on June 5 brought the deposit rate to 2%. Analysts at YahooFinance suggest this easing trend may continue, with another cut to 1.75% possible by year-end.
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