ECB hawk Schnabel scraps more rate hikes after 'remarkable' inflation drop

ECB hawk Schnabel scraps more rate hikes after 'remarkable' inflation drop

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The European Central Bank can take further interest rate hikes off the table given a "remarkable" fall in inflation and policymakers should not guide for rates to remain steady through mid-2024, ECB board member Isabel Schnabel told Reuters. The comments mark a dovish shift for Schnabel, seen as…

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