ECB’s Schnabel Says ‘Steady Hand’ Needed on Interest Rates

The European Central Bank should remain cautious on interest-rate moves, according to Executive Board member Isabel Schnabel.

“We need to maintain a steady hand for now,” she told the Table Today podcast in an episode aired Saturday, echoing earlier comments. “We can leave rates broadly at the level they are at now and are confident that we can also maintain price stability in this way.”