European Central Bank board member Isabel Schnabel spoke over the weekend.
News wires picked up some of her pertinent remarks:
- while headline inflation has begun to drop underlying, core, inflation is still sticky
- financial stresses have so far seen impacts mainly in financial markets, businesses
Schnabel's boss at the ECB, Christine Lagarde, oversaw a 50bp rather hike last week in contrast to lesser rate rises from the Fed and boe.
Schnabel & Lagarde
