ECB’s Escriva says current level of rates is appropriate

A view of the European Central Bank (ECB) headquarters in Frankfurt, Germany, March 6, 2025. REUTERS/Jana Rodenbusch/File Photo

MADRID: European Central Bank (ECB) Governing Council member Jose Luis Escriva says he is satisfied with present settings for borrowing costs. 

“What the ECB is communicating in its statements after each meeting, and we’ll have one soon, is that as inflation is truly at the target, which is 2%, we think it’s a good time to look ahead and consider the current level of interest rates appropriate,” he told El Diario.