ECB’s Schnabel: Recent Energy-Price Developments Have Been Quite Concerning

Reformatorisch Dagblad

Nieuws.nl

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welingelichtekringen.nl

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The ever-rising energy and fuel prices caused by the war in the Middle East are worrying. European Central Bank (ECB) Governing Councillor Isabel Schnabel said this on Monday at an event in Berlin. These rising prices could fuel inflation even further.

Handelsblatt

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Oil and natural gas are becoming more and more expensive on world markets. Growing energy prices are increasing the pressure on currency keepers. ECB Director Schnabel is concerned.

Business Daily

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Isabelle Schnabel warns of the effects of rising oil and gas prices, leaving open the possibility of new interest rate hikes by the ECB.

poslovni.hr

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In June, the ECB raised key interest rates for the first time since autumn 2023, by a quarter of a percentage point, raising its inflation estimate for this year by 0.4 percentage points, to 3.0 percent, according to the baseline scenario.