ECB's Schnabel Sees Need for Further Hiking to Meet 2% Target
Schnabel said the energy shock is spreading and that the ECB may need more hikes as inflation risks stay above target.
12 Articles
12 Articles
The European Central Bank (ECB) will need to continue to increase interest rates, as energy prices remain high and a cease-fire in the Middle East is no reason for the monetary authorities to lower guard, said the member of the Executive Board of the ECB Isabel Schnabel. The ECB has become the first major central bank to raise loan costs this month, hoping to contain the rise in energy prices caused by the war, and market operators expect at lea…
ECB Will Need to Raise Rates Further on Current Outlook, Board Member Says
The European Central Bank (ECB) will have to keep raising interest rates as energy prices remain high, ECB board member Isabel Schnabel said in comments published on June 24, adding that the ceasefire in the Middle East is no reason for policymakers to rest on their laurels. Her comments come two weeks after the ECB, the central bank for the eurozone, raised interest rates for the first time in three years on June 11. When asked by German newspa…
In the Iran war, the signs stand for relaxation, but for the ECB, the German director Isabel Schnabel does not want to give any warning so quickly. She pleads for further interest rate increases.
The member of the Executive Board of the European Central Bank (ECB) Isabel Schnabel insisted today on a further rise in interest rates in the euro area, even with the sharp fall in oil prices after the US-Iran agreement. . .In the current perspective, we will have to increase interest rates further so that inflation will return to our 2% target in the medium term, explained Schnabel in an interview with the weekly Die Zeit, published today and …
Isabel Schnabel, a German member of the ECB's Permanent Executive Board and a highly influential voice within the central bank, believes that interest will have to rise again in the euro area.
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