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Schnabel Says Room For Slowing Hiking Pace Remains Limited

ECB
  • ECB's Schnabel Says Room For Slowing Hiking Pace Remains Limited
  • In the current environment, there is a risk that monetary and fiscal policies may pull in opposite directions
  • We continue to stand ready to counter fragmentation in financial markets that is not justified
  • Says incoming data so far suggest that the room for slowing down the pace of interest rate adjustments remains limited
  • Says we will need to raise interest rates further, probably into restrictive territory - (Reuters)
  • Link to full speech here.

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