Home ECB’s Schnabel: Rate cut wouldn’t have helped at time when bank profits already under pressure

ECB’s Schnabel: Rate cut wouldn’t have helped at time when bank profits already under pressure

Updated: 16 Apr. 2020 | 11:17

A rate cut wouldn’t have helped at a time when bank profits already under pressure, said Isabel Schnabel, Member of the Executive Board of the European Central Bank on Thursday.

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