Free Trial

MNI BRIEF: Longer, Weaker Policy Lags Possible- ECB's Schnabel

(MNI) LONDON
(MNI) London

The ECB is starting to see the "first signs" that restrictive monetary is being transmitted, Executive Board member Isabel Schnabel said during an LSE panel discussion Friday.

But the pass-through of previous rates decisions could be slower and weaker than previously assumed, she suggested, in part due to still tight labour markets.

According to the ECB's latest Economic Bulletin, published on Friday, policymakers were briefed at the May meeting that much of the tightening impact from previous hikes would happen between now and mid-2024.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
True
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.