Schnabel Says ECB Can Take Time on Policy Decisions
ECB board member Isabel Schnabel says the bank can take time to analyze energy shocks as inflation remains near target. She favors a data-dependent approach.
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Isabel Schnabel, a member of the European Central Bank (ECB) executive board, stated that the central bank is currently in a "relatively favorable" position regarding its monetary policy. Speaking at a panel hosted by the Institute of International Finance in the United States, Schnabel highlighted that the ECB successfully managed to bring inflation down to the 2% target before the onset of geopolitical tensions in the Middle East.
