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Member of the ECB Executive Board Isabel Schnabel Changed Her Mind
Meanwhile, as the European currency continues
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Meanwhile, as the European currency continues its confident rise against the U.S. dollar, European Central Bank Executive Board member Isabel Schnabel said yesterday that she does not expect interest rates to be raised in the near future. Let me remind you that at the beginning of last week she held a radically different view, stating that she did not rule out an increase in borrowing costs.Speaking after her recent comments—which prompted investors to increase bets on higher borrowing costs next
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Jakub Novak,
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