European Central Bank board member Isabel Schnabel agrees with the market's expectation of two more interest rate cuts in 2024

Jinshi data news on July 19th, European Central Bank committee member Simkus said that he agrees with investors’ expectations of two more interest rate cuts this year. The first one could be discussed at the next meeting (September) as long as there is no unexpected pump or Black Swan Event, and the inflation trend is as expected. He said that the downward trend of inflation is obvious, but he also warned that service prices are still rising rapidly. However, he emphasized that because the European Central Bank still needs to evaluate new data in the coming weeks, it is not yet clear whether action will be taken.