Mastodawn

(Oops!) Based on the shape of the #PhillipsCurve and the planned German Govt spending on infrastructure, @Isabel_Schnabel rules out further interest rate cuts, emphasizing that the current interest rate is “neutral”, chart @ECB https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp250510~31aea4f78a.en.html

Keeping a steady hand in an unsteady world

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

European Central Bank