Central Banks
ECB’s Schnabel Sees Profits and Wages Driving Domestic Inflation
- Bundesbank chief Nagel says ‘still a way to go’ to tame prices
- Investors looking for signs of when rate-hike cycle may finish
Isabel Schnabel
Photographer: Ben Kilb/BloombergThis article is for subscribers only.
European Central Bank Executive Board member Isabel Schnabel said price gains are being fueled by corporate profits and higher salaries for workers — warning that careful monitoring is still needed to to keep price pressures on a downward trajectory.
Looking at the drivers of inflation, “you can see that domestic prices pressures are driven by both profits and wages,” Schnabel told a panel in Berlin.