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flag ECB official says very unlikely to cut interest rates due to strong eurozone economy and stable inflation.

flag ECB board member Isabel Schnabel stated that the threshold for another interest rate cut is very high, as the eurozone economy is performing better than expected and inflation is stable at 2%. flag Schnabel noted that core inflation is projected to meet the ECB's 2% target, and she sees the economy as resilient despite global trade tensions. flag The ECB is unlikely to lower rates further unless there's a significant economic downturn.

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