Schnabel outlines alternative scenarios for eurozone inflation
ECB board member says uncertainty looms over trajectory for prices
European Central Bank (ECB) board member Isabel Schnabel spoke today (August 30) of the uncertainty over the bank’s projections for inflation in the medium term.
Schnabel said incoming data had “broadly confirmed” that inflation is due to hit the bank’s target level of 2% over the medium term. The ECB today published its August inflation figures, which showed annual inflation at 2.2%.
She also said medium-term price stability does not require services inflation to slow to 2%, thereby signalling
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