ECB Executive Board Member Schnabel: The threshold for another rate cut is very high

On July 11, according to Jinshi Data, ECB Executive Board Member Schnabel stated that the ECB is currently in a favorable position because medium-term inflation expectations will reach the target level and the risks to the economic growth outlook are more balanced. Therefore, the threshold for another rate cut is very high. The plan is to gradually reduce the monetary policy bond portfolio to zero. [Shenchao TechFlow]