European Central Bank Executive Board Member Schnabel: The Central Bank should keep interest rates unchanged as inflation may still be higher than expected.

Jin10 data reported on September 2, the European Central Bank Executive Board member Schnabel stated that the European Central Bank should keep interest rates unchanged, as the Eurozone economy remains stable in the face of U.S. tariffs, and inflation may still be higher than expected. The European Central Bank previously ended a year-long easing cycle, and policymakers are currently awaiting the full impact of the U.S. tariff protocol reached in July to determine if further cuts to borrowing costs are necessary. Schnabel is the most influential member among the hawks of the European Central Bank, and she believes that there is no need for further rate cuts, and the current 2% policy interest rate may "moderately" stimulate an already active economy. She stated: "I think we may have already implemented a slightly accommodative policy, so in the current circumstances, I see no reason for further rate cuts."