Economics
ECB to Disregard Any Temporary Inflation Rises, Schnabel Says
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The European Central Bank will disregard any temporary pickup in inflation this year caused by pent-up demand, according to Executive Board Member Isabel Schnabel.
The eventual easing of restrictions aimed to stop the spread of Covid-19 could lead prices for things like trips or restaurant meals to “develop a certain dynamic,” the policy maker said in an interview with Austrian newspaper Der Standard published Tuesday.