ECB’s Schnabel: Central bank will hike rates but depending on incoming data ECB CentralBanks EURUSD InterestRate
European Central Bank Governing Council member Isabel Schnabel made some comments on monetary policy normalization over the weekend, per Reuters."The speed of normalization ... will depend on the economic fallout from the war, the severity of the inflation shock and its persistence.”
“Inflation risk was skewed towards even higher readings given sharply rising producer prices, structural economic changes like de-globalization and likely wage hikes.”EUR/USD is on the defensive at around 1.1050, licking its wounds after Friday’s slump to near 1.1030. TheInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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