ECB's Schnabel: Indirect feccts of energy can be a persistent source of inflation

  • Comments from the ECB Governing Council member
ECB schnabel
  • Only signs of a de-anchoring of medium to long-term inflation expectations from our target would justify a more-forceful policy response
  • EU plans on Russian natural gas are likely to fan inflation
  • We can change the structure of our bond portfolio even when keeping the size unchanged
  • Eurosystem could impose a limit on the volume of assets from high emitters

Schnable is in charge of markets at the ECB and she's repeatedly shown that she's pragmatic and her comments largely represent the core of the central bank.

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