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ECB board member reportedly cautions against back-to-back rate cuts, cites 'risk of easing prematurely'
European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid lingering inflation risks, Nikkei reported Friday, as the central bank gears for its June meeting amid expectations of a rate cut. While a rate cut in June could be warranted depending on incoming data and projections, things are less certain beyond that, Schnabel told Nikkei. The European Central Bank held interest rates at a record high for the fifth consecutive meeting last month, but is expected to cut it to 3.75% from the current 4% at its next meeting. “The path beyond June is much more uncertain. Recent data have ... (full story)