ECB’s hawk Schnabel turns attention from inflation to rising growth risks

ECB Executive Board member Isabel Schnabel, widely known for her hawkish stance, has shifted her tone, adding to growing signals from other officials that the central bank is preparing for a 25bps rate cut this month. Schnabel acknowledged in a speech overnight the “headwinds to growth,” pointing to weakening labor demand and progress in disinflation. […]

The post ECB’s hawk Schnabel turns attention from inflation to rising growth risks appeared first on Action Forex.