ECB policymaker Isabel Schnabel says central bank cannot pre-commit to rate path due to uncertain future inflation.
ECB policymaker Isabel Schnabel stated that the central bank cannot pre-commit to a specific rate path due to the uncertain future inflation outlook. The German central bank has slashed its 2024 growth outlook to 0.3% from 0.4%, and increased its 2024 inflation projection to 2.8%. The ECB and German central bank's revised inflation projections reflect higher price expectations.
June 07, 2024
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