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TechFlow, July 11 — According to Jinshi Data, ECB Executive Board member Schnabel stated that since medium-term inflation expectations will reach the target level and growth outlook risks are more balanced, the ECB is currently in a favorable position. Therefore, the threshold for another rate cut is very high. The plan is to gradually reduce the monetary policy bond portfolio to zero.
According to Jinshi Data, ECB Executive Board member Schnabel stated that as medium-term inflation expectations will reach target levels and growth outlook risks have become more balanced, the ECB is currently in a favorable position. Therefore, the threshold for further rate cuts is very high. Plans are underway to gradually reduce the monetary policy bond portfolio to zero.
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