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ECB Schnabel: 50 basis points are not off the table
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ECB SCHNABEL IT'S FAR TOO EARLY TO DECLARE VICTORY ON INFLATION - POLITICO
— First Squawk (@FirstSquawk) April 24, 2023
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ECB SCHNABEL IT'S CLEAR THAT FURTHER RATE HIKES ARE NEEDED, BUT THE SIZE OF THE RATE HIKES IS GOING TO DEPEND ON THE INCOMING DATA
— First Squawk (@FirstSquawk) April 24, 2023
ECB SCHNABEL 50 BASIS POINTS ARE NOT OFF THE TABLE.
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Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Johanna Treeck
Since the last policy meeting, core inflation rose along with market-based inflation expectations and still some of your colleagues say that we should slow tightening. Is that also your view or are you open for another 50-basis point move in May? Let me start with my general view on recent inflation developments. We are seeing a change in the drivers of inflation. It started with supply-side shocks – bottlenecks and rising energy prices –, which are now fading, while at the same time the demand-side factors are gaining importance. The macroeconomy has proven quite resilient. Industrial production is expanding. ... (full story)
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