ECB’s Schnabel Sees Modest Revival in Euro-Zone Economy
- June rate cut likely if data, projections confirm outlook
- Board member speaks in interview with German television
Isabel Schnabel
Photographer: Ben Kilb/BloombergThis article is for subscribers only.
European Central Bank Executive Board member Isabel Schnabel said growth momentum in the euro zone has gathered some pace recently, adding to optimism that the economy has left the worst of its crisis behind.
“We’re currently seeing a slight revival of the economy in the euro area,” Schnabel told German broadcaster ARD. “At the same time, inflation continues to retreat. Therefore, there’s reason for hope that we’ll succeed in returning to price stability without experiencing a recession.”