Board member says June move ‘may be appropriate’
European Central Bank board member Isabel Schnabel said the central bank may cut interest rates in June, but advocated caution about further cuts in borrowing costs given uncertainty over the outlook, Japan’s Nikkei newspaper has reported.
“But the path beyond June is much more uncertain. Recent data have confirmed that the last mile of disinflation is the most difficult,” she said.VHI cancelled our policy over a year ago without us knowing. Now they want us to pay €7,000 in arrearsA reader complains to VHI: If the new policy has the same benefits, why charge €284 more?
“We should move cautiously. We should look very carefully at the data because there is a risk of easing prematurely,” she said, when asked whether the ECB should move slowly in cutting rates beyond summer, according to the Nikkei. She declined to comment when asked about Japan's suspected recent currency intervention to prop up the yen, the Nikkei said.
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