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Central Banks

ECB’s Schnabel Says Rate-Cut Campaign Is Coming to an End

The European Central Bank’s interest-rate cutting campaign may soon be over, with inflation and the economy both on track, Executive Board member Isabel Schnabel said.

“This monetary-policy cycle is coming to an end as medium-term inflation is stabilizing around target,” the German official said Thursday in Brussels. She described underlying consumer-price growth — projected to be 1.9% in 2026 and 2027 — as “right at target.”