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MNI BRIEF:ECB June Cut 'May Be Appropriate', Not July-Schnabel

(MNI) LONDON
(MNI) London

ECB Executive Board member Isabel Schnabel pushes back on prospects of back-to-back rate cuts in early summer.

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Although not pushing back on the likelihood of a June rate cut, ECB executive Board member Isabel Schnabel tells Japan's Nikkei that the prospects of a back-to-back cut in July "does not seem warranted" on current data.

Schnabel says she still sees inflation risks atilted to the upside and that a "front-loading of the easing process would come with a risk of easing prematurely". (see MNI SOURCES: Fed, Geopolitics, Feed ECB Caution Over Cuts)

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Although not pushing back on the likelihood of a June rate cut, ECB executive Board member Isabel Schnabel tells Japan's Nikkei that the prospects of a back-to-back cut in July "does not seem warranted" on current data.

Schnabel says she still sees inflation risks atilted to the upside and that a "front-loading of the easing process would come with a risk of easing prematurely". (see MNI SOURCES: Fed, Geopolitics, Feed ECB Caution Over Cuts)

Keep reading...Show less