ECB’s Schnabel: Must be vigilant to upside inflation risks
Isabel Schnabel, member of the executive board of the European Central Bank (ECB), said on Wednesday that they must monitor the persistence of the energy price shock in Europe and stay vigilant for upside inflation risks, in a speech at the Frankfurt School of Finance and Management Centre for Central Banking in Germany.
Key takeaways:
We must monitor the persistence of the energy price shock.
We must be vigilant to upside inflation risks.
Monetary policy remains in a good place.
March projections to partly reflect the Iran shock."
(This story was corrected on March 11 at 16:17 GMT to fix a mispelling in Isabel Schnabel's surname.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gold steady as firm dollar counters softer US rate-hike bets
CFTC Clears Path for US Exchanges to Launch Perpetual Futures
Brazil Stocks Hit Record as Dollar Crashes After Election Shock
Barrick secures 15-year North Mara mining licences in Tanzania
Crypto prices
More
