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Energy Transition Is Upside Risk to ECB Forecasts, Schnabel Says

  • 2024 inflation to hit 2% if energy stays at Nov. 2021 level
  • Schnabel speaks at American Economic Association meeting
Power Generation in Germany
Photographer: Krisztian Bocsi/Bloomberg

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The European Central Bank’s inflation forecasts may need to be revised upward because of the continent’s attempts to cut carbon emissions and transition to green energy, Executive Board member Isabel Schnabel said.