ECB Schnabel: Extended period of high energy price inflation may lead to higher inflation expectations

<p>In a Twitter Q&#38;A, ECB Executive Board member Isabel Schnabel said, &#8220;in the 1970s rising oil prices triggered a harmful price-wage spiral, as inflation expectations drifted away.&#8221; But, &#8220;today longer-term inflation expectations are well-anchored. We will ensure that high inflation does not become entrenched.&#8221; &#8220;Inflation will remain high for longer than anticipated. There is a [&#8230;]</p>
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