ECB's Schnabel Lobbies Against Back-to-back Rate Cuts

European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.

MarketWatchMay 17 04:36 ET

ECB Executive Director Schnabel: There is no need to cut interest rates continuously in June and July and be wary of the risk of premature relaxation

ECB Executive Board member Isabel Schnabel warned against successive interest rate cuts in June and July.

Zhitong FinanceMay 17 02:57 ET

The ECB Executive Committee said it was appropriate to cut interest rates in June, but there is no need to cut interest rates in July!

ECB Executive Director Schnabel said that cutting interest rates in June is appropriate, but according to current data, there seems to be no need to cut interest rates in July; a cautious attitude should be taken. Inflation risks are still biased upward. If the easing process is put ahead, there is a risk of premature easing.

FX678 FinanceMay 17 02:22 ET

French Unemployment Rate Remains at 7.5% in Q1

France's unemployment rate stood at 7.5% in the first quarter, unchanged from the prior three-month period, the statistics agency Insee said Friday. Analysts expected a 7.4% rate for the quarter.

MT NewswiresMay 17 01:47 ET

ECB's Schnabel Says July Cut Doesn't Look Warranted

European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.

BNN BloombergMay 16 23:19 ET

UBS Says Australia's Budget Doesn't Change Its View on Central Bank Action

Australian Federal Treasurer Jim Chalmers delivered his third budget and second consecutive surplus of A$9.3 billion, noted UBS.

MT NewswiresMay 16 10:09 ET