• ECB’s Schnabel: We must further increase interest rates

Noticias del mercado

22 septiembre 2022

ECB’s Schnabel: We must further increase interest rates

European Central Bank (ECB) executive board member Isabel Schnabel said on Thursday, “we must further increase interest rates.”

“In the short term, inflation could rise even further despite interest rate hikes,” she said.

Schnabel went on to say that a “German recession may be unavoidable” while adding that “the euro-zone economy is likely to stagnate not shrink.”

Market reaction

EUR/USD is consolidating the latest leg down to fresh 19-year lows of 0.9809. The pair was last seen trading at 0.9824, down 0.11% on the day.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: