Tag: Schnabel
Schnabel (ECB): forecasting errors on inflation contributed to delayed reaction
(Finance) – After the pandemic, “Inflation forecast errors increased measurably and remained persistent. This is not because central banks were particularly bad at predicting inflation. After all, both professional forecasters…
ECB, Schnabel urges caution on rates. The last mile is a concern
(Finance) – “The most recent data do not dispel my concerns that the last mile (of the fight against inflation, ed.) it might be the hardest one. We see persistent…
Schnabel (ECB): Monetary policy during low inflation has encouraged risk-taking
(Finance) – “During the years of low inflation, monetary policy encouraged risk-taking as part of its monetary policy transmission mechanism. Moreover, the same central banks have underestimated the possibility of…
ECB, Schnabel: it will take 6 years to reabsorb excess liquidity in the Eurozone
(Tiper Stock Exchange) – Isabel Schnabel, member of the Executive Board of the ECB, estimated that it will take over 6 years for the European Central Bank to reabsorb excess…
ECB, Schnabel: “We remain on course on rate hikes”
(Finance) – At the ECB “we are keeping course on interest rate hikes to bring inflation back to our 2% target in a timely manner”. It’s the first response from…
Inflation, Schnabel: Price momentum remains high especially in services
(Tiper Stock Exchange) – isabel Schnabelmember of the executive committee of the European Central Bank, said that after months of hikes to record levels, inflation in the euro area has…
Inflation, Schnabel: monitor risks and act if necessary
(Finance) – In the euro area there are “upside risks on inflation outlook”, due to both economic factors caused by the lockdown crisis and anti Covid measures, and a “structural…