Economics
ECB’s Schnabel Is Sure Inflation Won’t Get ‘Excessively High’
- Board member tells FAS wages aren’t rising enough for that
- ‘Moderately’ higher inflation is sign of better economy
Photographer: Krisztian Bocsi/Bloomberg
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Euro-zone inflation will remain subdued in coming years and won’t turn out “excessively high” even after the current surge in Germany toward 4%, according to European Central Bank Executive Board member Isabel Schnabel.