Schnabel Details Factors for ECB Rate Decisions
ECB board member Isabel Schnabel stated that future interest rate hikes will depend on inflation expectations, economic demand, and global borrowing costs. The central bank must carefully weigh these domestic and global factors to determine its next policy move.
The European Central Bank faces critical domestic and global choices on further interest rate hikes, ECB board member Isabel Schnabel said on Wednesday afternoon. The central bank has already raised rates twice this year following an energy price surge that drove inflation past its 2% target. Financial markets currently price in up to four additional rate increases over the next year.
