Central Banks
ECB’s Schnabel Says Inflation Data Makes Rate Hike Unlikely
- ‘We must not declare victory over inflation prematurely’
- Executive board member comments in Reuters interview
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Another European Central Bank hike in borrowing costs probably won’t happen in light of last week’s consumer-price data, according to Executive Board member Isabel Schnabel.
“The most recent inflation number has made a further rate increase rather unlikely,” she said in an interview with Reuters that was transcribed on the ECB’s website.