ECB’s Schnabel ‘Rather Comfortable’ on Bets Next Move to Be Hike

Executive Board member Isabel Schnabel is comfortable with investor bets that the European Central Bank’s next interest-rate move will be an increase.

While borrowing costs are at levels that — barring further shocks — will be appropriate for some time, consumer spending, business investments and a jump in government outlays on defense and infrastructure will bolster the economy, Schnabel said.