"It's clear that further rate hikes are needed, but the size of the rate hikes is going to depend on the incoming data," Politico quoted Schnabel on Monday as saying. "Data dependence means that 50 basis points are not off the table." (Reporting by Balazs Koranyi Editing by Peter Graff)
Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net)) FRANKFURT, April 24 (Reuters) - The European Central
Bank needs to keep raising interest rates and a 50 basis point
increase on May 4 is not off the table, ECB board member Isabel
Schnabel told Politico.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.