ECB’s Schnabel: Disinflation remains on track but inflation fight is not yet won

October 30, 2024
-FCHFX

October 30, 2024 at 03:02PM
ECB’s Schnabel is speaking and says:

Disinflation remains on track, which allowed the ECB to lower rates further in October

Warns that the fight against inflation is not yet won.

A gradual approach to removing restriction remains appropriate.

Neutral rate is subject to high uncertainty.

No need to go below neutral (COMMENT: even though it is undefined…)

Risk of meaningful and persistent undershoot in of inflation target remains small

Headline inflation remain a bit of the due to energy.

We will get inflation back to 2% target in sustainable manner next year.

This article was written by Greg Michalowski at www.forexlive.com.

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