ECB's Schnabel: Inflation likely to top 2% for extended period
European Central Bank (ECB) Executive Board member Isabel Schnabel said that inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary, Bloomberg reported on Wednesday.
ECB Executive Board member Isabel Schnabel indicated that inflation may remain above the 2% target for an extended period, necessitating further tightening of monetary policy, Bloomberg reported on Wednesday. The ECB must address second-round effects promptly. The market has grasped the ECB's reaction function effectively. The extent of tightening will depend on forthcoming data. The situation with natural gas is particularly concerning. The economy appears to be gaining momentum.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
