ECB’s Schnabel: Impact of our tighter policy on inflation expected to peak in 2024

Market news

7 June 2023

ECB’s Schnabel: Impact of our tighter policy on inflation expected to peak in 2024

In an interview with De Tijd on Wednesday, European Central Bank (ECB) Governing Council member Isabelle Schnabel said, “the impact of our tighter monetary policy on inflation is expected to peak in 2024.”

“However, there is great uncertainty over the strength and the speed of this process,” she was quick to add.

Market reaction

EUR/USD was last seen trading at 1.0677, losing 0.17% on the day.

Currencies. Daily history for Wednesday, June 7, 2023

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