Interest rates must rise further on inflation risks, ECB's Schnabel tells Bloomberg
12 Articles
12 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.
Isabel Schnabel, a member of the Executive Board of the European Central Bank, has expressed concern about the risks of inflation. She advocates for a strict monetary policy.
Inflation remains high. Isabel Schnabel therefore believes that higher key interest rates are necessary. In September, the next rate step could follow.
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