ECB Schnabel: Extended period of high energy price inflation may lead to higher inflation expectations
<p>In a Twitter Q&A, ECB Executive Board member Isabel Schnabel said, “in the 1970s rising oil prices triggered a harmful price-wage spiral, as inflation expectations drifted away.” But, “today longer-term inflation expectations are well-anchored. We will ensure that high inflation does not become entrenched.” “Inflation will remain high for longer than anticipated. There is a […]</p>
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