Schnabel Says ECB Will Need to Hike If Energy Shock Broadens

AI Summary

The European Central Bank may need to raise interest rates if the repercussions of the Iran war persist, as indicated by Executive Board member Isabel Schnabel. This potential adjustment aims to manage inflation that could impact the Eurozone economy.

The European Central Bank will have to raise interest rates if the Iran war leaves a more lasting mark on inflation, according to Executive Board member Isabel Schnabel.