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ECB Schnabel: Underlying price pressures remain stubbornly high

ECB Schnabel: Underlying price pressures remain stubbornly high
ECB Executive Board member Isabel Schnabel said in a speech that despite decline in headline inflation, largely due to unwinding of previous supply-side shocks, “underlying price pressures remain stubbornly high,” with domestic factors now becoming the main drivers of inflation. Given this backdrop, Schnabel emphasized the necessity of maintaining “sufficiently restrictive monetary policy” to steer […] The post ECB Schnabel: Underlying price pressures remain stubbornly high appeared first on Act... Read More
Posted: Aug 31 2023, 07:56
Author Name: actionforex
Views: 102132

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