ECB’s Escriva says interest rates at ‘appropriate’ level

MADRID (Reuters) – European interest rates are currently at an “appropriate level,” and there is no need for further guidance from the European Central Bank (ECB), Governing Council member Jose Luis Escriva said during an event in Madrid on Wednesday.

The ECB recently kept interest rates unchanged, as widely expected, while maintaining an optimistic outlook on economic growth and inflation. This stance has dampened market expectations for any additional cuts in borrowing costs.

Escriva noted that markets anticipate stable rates for the foreseeable future, although he did not completely rule out the possibility of another rate move.
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