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Interest rates must rise further on inflation risks, ECB's Schnabel tells Bloomberg
Summary by Reuters
9 Articles
9 Articles
Interest rates must rise further on inflation risks, ECB's Schnabel tells Bloomberg
European Central Bank board member Isabel Schnabel said interest rates must rise further as the conflict in the Middle East drags on and the strong euro zone economy poses upside risks to inflation, in an interview with Bloomberg News published on Wednesday.
·London, United Kingdom
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Inflation remains high. Isabel Schnabel therefore believes that higher key interest rates are necessary. In September, the next rate step could follow.
·Düsseldorf, Germany
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The ECB needs to raise its key interest rates more as the long-running conflict in the Middle East and a surprisingly strong eurozone economy pose upside risks to inflation. The ECB needs to prevent second-round effects early.
Coverage Details
Total News Sources9
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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