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.)
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