ECB's Schnabel: Monetary policy has had a weaker impact on dampening services demand

  • Remarks by ECB policymaker, Isabel Schnabel
  • Confident that risks of de-anchoring of inflation expectations have come down
  • There is hope to achieve soft landing and taming inflation without causing a recession

The question now is whether is it enough to get inflation back down towards the desired 2% target. For now, we can still expect rate cuts in the near future but the pace of the trajectory may still be in question.

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