ECB's Schnabel: There is not yet an all-clear for the inflation problem
|"The current, unusual contraction in monetary aggregates is unlikely to foreshadow a deep recession but rather reflects a significant rebalancing of portfolios after a long period of low interest rates," European Central Bank (ECB) Governing Council member Isabelle Schnabel said on Monday. "Hence, there is not yet an all-clear for the inflation problem," she added.