Economics
ECB Must Watch Upside and Downside Inflation Risks, Schnabel Says
- Sees uncertainty around pace, extent of inflation slowdown
- Says conditions for rate hike very unlikely to be met in 2022
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The European Central Bank must be careful to consider inflation risks in both directions when it sets monetary policy, according to Executive Board member Isabel Schnabel.
The German, a contender to succeed Bundesbank chief Jens Weidmann, said consumer-price growth in the euro area will take longer to slow from its current level of more than 4%.