ECB’s Schnabel: Impact of our tighter policy on inflation expected to peak in 2024
|In an interview with De Tijd on Wednesday, European Central Bank (ECB) Governing Council member Isabelle Schnabel said, “the impact of our tighter monetary policy on inflation is expected to peak in 2024.”
“However, there is great uncertainty over the strength and the speed of this process,” she was quick to add.
Additional quotes
Underlying inflation remains high.
We have more ground to cover.
Data will determine how much more ECB rates to rise.
A peak in underlying inflation isn't enough for victory.
Market reaction
EUR/USD was last seen trading at 1.0677, losing 0.17% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.