- ECB’s Schnabel: Outlook for the central bank has not change
Market news
18 August 2022
ECB’s Schnabel: Outlook for the central bank has not change
European Central Bank (ECB) executive board member Isabel Schnabel said on Thursday, “the outlook for the ECB has not changed.”
Additional quotes
"Inflation concerns before the July rate hike have not been alleviated."
"Growth is going to slow."
"Technical recession in the euro area is possible."
"Inflation could still accelerate in the short term."
Market reaction
As of writing, EUR/USD trades within a close proximity to the daily lows near 1.0165, down 0.10% on the day.
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