ECB’s Schnabel: Impact of our tighter policy on inflation expected to peak in 2024

Dhwani Mehta FXStreet

In an interview with De Tijd on Wednesday, European Central Bank (ECB) Governing Council member Isabelle Schnabel said, “the impact of our tighter monetary policy on inflation is expected to peak in 2024.”

“However, there is great uncertainty over the strength and the speed of this process,” she was quick to add.

Additional quotes

Underlying inflation remains high.

We have more ground to cover.

Data will determine how much more ECB rates to rise.

A peak in underlying inflation isn't enough for victory.

Market reaction

EUR/USD was last seen trading at 1.0677, losing 0.17% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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