ECB’s Schnabel Says Rate Hike to Tame Inflation May Come in July

European Central Bank Executive Board Member Isabel Schnabel said it’s time for policy makers to take action to tame inflation, and that an interest-rate hike might come as early as July.

“It’s not enough to talk now -- we have to act,” she said in an interview with German newspaper Handelsblatt published Tuesday. “From today’s perspective, I think a rate hike in July is possible.”