Interest rates must rise further on inflation risks, ECB's Schnabel tells Bloomberg
11 Articles
11 Articles
Interest rates must rise further on inflation risks, ECB's Schnabel tells Bloomberg
European Central Bank board member Isabel Schnabel said interest rates must rise further as the conflict in the Middle East drags on and the strong euro zone economy poses upside risks to inflation, in an interview with Bloomberg News published on Wednesday.
A surprisingly strong economy in the eurozone and the continued risk of higher inflation due to the conflict in the Middle East mean that higher interest rates are needed, according to one of the European Central Bank's most prominent members, Isabel Schnabel.
Inflation remains high. Isabel Schnabel therefore believes that higher key interest rates are necessary. In September, the next rate step could follow.
The European Central Bank is facing a further rise in interest rates. While the economy in the euro area is surprisingly robust, inflation remains stubbornly above the ECB's target. Now, ECB director Isabel Schnabel makes it clear that interest rates must continue to rise. Another rate step in September is becoming more and more likely – and it could not remain the last. ECB: [...] The post ECB ahead of interest rate hike: Do interest rates rise…
Coverage Details
Bias Distribution
- 83% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
