ECB's Schnabel 'Comfortable' With Rate Hike Bets, China to Boost Domestic Demand

ECB Executive Board member Isabel Schnabel suggests interest rates have reached the bottom, saying she's comfortable with bets that the next rate move will be a hike. Schnabel is the first policymaker to declare with any certainty that borrowing costs aren’t simply in a “good place” — as President Christine Lagarde and others have repeatedly said — but have reached a floor.