Core Viewpoint - The European Central Bank (ECB) should maintain caution in its interest rate actions, emphasizing the need for stability in the current economic environment [1] Group 1: Interest Rate Actions - ECB Executive Board member Schnabel indicated that interest rates can be kept at current levels to ensure price stability [1] - The ECB has already cut rates seven times, with economists and markets anticipating a further 25 basis point cut in June [1] - While several policymakers support this potential cut, Schnabel refrained from confirming any specific actions, stating that future developments remain uncertain [1] Group 2: Economic Outlook - The uncertainty stemming from the Trump trade war casts a shadow over the economic outlook [1] - Schnabel highlighted the significant differences in the short-term and medium-term impacts on inflation, noting that falling energy prices and global economic slowdown should suppress inflation in the short term [1] - However, she warned that the situation could reverse in the medium term [1] Group 3: Currency Confidence - The recent appreciation of the euro should be interpreted as a signal of confidence in the currency [1] - Schnabel urged Europe to seize the opportunity presented by this confidence in the euro [1]