ECB's Schnabel: Current rates not yet restrictive
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ECB's Schnabel: More rate hikes needed to reach 2% target
ECB Governing Council member Isabelle Schnabel stated that additional interest rate increases are necessary to achieve the central bank's 2% inflation target. Her hawkish remarks signal potential continued monetary tightening, supporting the euro and pressuring lower-yielding currencies as markets reprice rate expectations.
https://x.com/financialjuice/status/2069803374321479851ECB's Schnabel signals further rate hikes needed for 2% target
ECB Executive Board member Isabel Schnabel told Die Zeit the central bank will likely need to raise rates further to combat inflation and meet its 2% price target. The hawkish signal reinforces expectations for continued monetary tightening in the eurozone. EUR/USD and euro crosses face upward pressure as markets price in additional rate increases.
https://www.bloomberg.com/news/articles/2026-06-24/ecb-s-schnabel-sees-need-for-further-hiking-to-meet-2-targetReplies
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