[HIGHLIGHTS] Isabel Schnabel: ECB director warns against cutting interest rates too quickly

Isabel Schnabel: ECB director warns against cutting interest rates too quickly. In January, inflation in the currency area weakened to 2.8 percent.

The ECB is aiming for a rate of two percent in the medium term. The deposit rate that is relevant on the financial market is now 4.0 percent - the highest level since the beginning of the monetary union in 1999. The central banker said that the ECB should proceed “patiently and cautiously” when easing monetary policy.