According to a report from Jin10 on September 2, ECB Executive Board member Schnabel stated that the European Central Bank should maintain the interest rate unchanged, as the Eurozone economy remains stable despite US tariffs, and inflation rates may still be higher than expected. The European Central Bank previously ended a year-long easing cycle, and policymakers are currently waiting for the full impact of the US tariff agreement reached in July to determine whether further cuts to borrowing costs are necessary.

Schnabel is the most influential member among the hawks of the European Central Bank. She believes that there is no need for further rate cuts, as the current policy interest rate of 2% may "moderately" stimulate an already active economy. She stated: "I believe we may have already taken slightly accommodative measures, so under the current circumstances, I do not see a reason for further rate cuts."