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Reuters

Reuters

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Business & Economics

ECB should keep steady hand, hold rates close to current levels, Schnabel says

Reuters
Summary
Nutrition label

79% Informative

ECB board member Isabel Schnabel says the ECB should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures.

The ECB cut interest rates seven times in the past year as inflation has been rapidly retreating.

Financial markets see a 90% chance of a rate cut in June and see another cut in subsequent months .

VR Score

89

Informative language

95

Neutral language

61

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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