ECB’s Schnabel: We cannot close the door to further rate hikes

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-ecb13.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>ECB Executive Board member Isabel Schnabel warned in a speech that the “last mile” in disinflation process is the hardest, more uncertain, slower and bumpier. Inflation expectations are fragile, and ECB cannot close the door for further rate hikes. In a candid analogy, Schnabel compared the disinflation process to a marathon, signifying the strenuous and […]</p>
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