Central Banks
ECB’s Schnabel Says Rates Need to Reach ‘Restrictive’ Level
- Central banker says she expects more pushback on rate hikes
- Sees limited danger of policy overreaction with too-high rates
Isabel Schnabel
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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European Central Bank Executive Board member Isabel Schnabel says interest rates will have to move into “restrictive territory” to bring inflation back to target.