ECB Schnabel: Some damage from Iran War will be hard to reverse

May 7, 2026
-FXnews

ECBs Schanabel is speaking and says:

My view is that some damage done from Iran war will be hard to reverse
There seems to be a disconnect between the stock market and the global situation.

Earlier, Schnabel said:

Signs of supply chain disruptions are reemerging.
Rapidly growing shares of European manufacturing firms are planning to increase prices.
Household inflation expectations are adapting rapidly.
If energy price shock broadens, monetary policy will need to tighten

ECB Schnabel: Some damage from Iran War will be hard to reverse

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