ECB Schnabel: We need to err on the side of doing too much

ECB Executive Board member Isabel Schnabel stressed the necessity of maintaining a proactive approach to monetary policy amid persistent inflation risks. In a speech today, she noted that “risks to the inflation outlook are tilted to the upside, reflecting both supply- and demand-side factors.” Referencing IMF’s recent guidance, Schnabel noted, “The IMF has recently issued […]

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