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ECB's Escriva says interest rates at 'appropriate' level
Published by Global Banking and Finance Review
Posted on October 8, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 8, 2025
1 min readLast updated: January 21, 2026
ECB's Jose Luis Escriva affirms that European interest rates are at an appropriate level, with no need for further guidance, maintaining a positive outlook on growth and inflation.
MADRID (Reuters) -European interest rates are at an "appropriate level" and there is no need for further guidance, European Central Bank governing council member Jose Luis Escriva told an event in Madrid on Wednesday.
The ECB kept interest rates unchanged earlier this month, as expected, and maintained an upbeat view on growth and inflation, dampening expectations for any further cuts in borrowing costs.
(Reporting by Jesús Aguado and Emma Pinedo; Writing by David Latona; Editing by Inti Landauro)
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, aiming to maintain price stability and support economic growth.
Interest rates are the cost of borrowing money, expressed as a percentage of the total loan amount, and can influence economic activity, inflation, and currency value.
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation and promoting economic growth.
Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power. It is often measured by the Consumer Price Index (CPI).
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