ECB’s Escrivá Says Current Level of Rates Is Appropriate

European Central Bank Governing Council member José Luis Escrivá said he is satisfied with present settings for borrowing costs.

“What the ECB is communicating in its statements after each meeting, and we’ll have one soon, is that as inflation is truly at the target, which is 2%, we think it’s a good time to look ahead and consider the current level of interest rates appropriate,” he told El Diario.