• Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png

ECB ready to act says Schnabel

ECB policymaker Isabel Schnabel stated that the inflation in the euro area will ease as soon as next year, but the European Central Bank is ready to act. Euro zone inflation has been rising more than expected. But the ECB has stuck to its belief of a temporary spike that is caused by higher prices of oil and higher raw materials, and other microchips, which are all the pandemic shortage supplies.

Schnabel is the Germany’s representative on the ECB’s board. She sought to assuage concerns of a repeat of the 1970s, when inflation was nearly 8% in her country. In a group of audience of German entrepreneurs, she told that today, against the background of rising inflation rates, it was a matter of concern to her to alleviate people’s concern that inflation may remain persistently too high or even shoot up uncontrollably.

YOU MAY ALSO LIKE

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Tesla’s Robotaxi Gamble in Austin Puts Future of Autonomous Vehicles to the Test

Prices in the 19-country euro zone grew by 3% year on year. This is according to preliminary estimates, surging well above the ECB’s 2% target, which is for the first time in 10 years. Schnabel said that the central bank, which reduced the pace of its emergency bond purchases last week, was in no rush to tighten its policy. She said that they will only start the normalisation process when they are confident of reliably reaching their inflation target. But should inflation sustainably reach their target of 2% unexpectedly soon. She listed three main reasons such as persistent disruptions to supply, structural changes such as the green transition and greater optimism among consumers.

If they succeed in breaking the vicious circle of limited room for price increases, slow growth and declining inflation expectations, then they will be able to escape negative interest rates, according to Schnabel. There are mounting signs that the current fiscal and monetary policy mix can achieve that.

Tags: European central bankInflationIsabel Schnabel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

UniCredit Finalizes Landmark Risk Transfer Deal in Bulgaria with Dutch Asset Manager PGGM

UniCredit Finalizes Landmark Risk Transfer Deal in Bulgaria with Dutch Asset Manager PGGM

Canadian Dollar Gains Ground as Trade Sentiment Improves and U.S. Jobs Data Softens

Canadian Dollar Gains Ground as Trade Sentiment Improves and U.S. Jobs Data Softens

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

UniCredit Finalizes Landmark Risk Transfer Deal in Bulgaria with Dutch Asset Manager PGGM

Canadian Dollar Gains Ground as Trade Sentiment Improves and U.S. Jobs Data Softens

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Leadership report
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.