According to a report by Jinshi Data, ECB Executive Board Member Schnabel stated that the European Central Bank should remain cautious in its interest rate actions. She suggested keeping interest rates at the current level to ensure price stability. The ECB has cut rates seven times, and the market expects another 25 basis points cut in June. Schnabel avoided specific actions, stating that future conditions need to be observed.
The uncertainty of Trump's trade war affects the economic outlook. Schnabel pointed out that falling energy prices and a global economic slowdown are suppressing inflation in the short term, but this could reverse in the medium term. She believes that the appreciation of the euro is a sign of confidence in the currency, and Europe should seize the opportunity.