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Interest rates must rise further, ECB's Schnabel tells Bloomberg
Source: reuters.com
Monetary PolicyInterest Rates & YieldsInflationGeopolitics & WarEconomic DataCurrency & FX
ECB board member Isabel Schnabel said interest rates must rise further as Middle East conflict contributes to inflation persistence and a strong euro-zone economy creates upside inflation risks. The hawkish stance implies further upside pressure on euro-zone yields, reinforcing a higher-for-longer rate path.
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