ECB Schnabel: There is no need to rush into action
ECB’s Schnabel is speaking and says: We are facing a massive energy price shock. There is no need to rush into action. We have time to analyze the data. ECB should not be rushed to raise rates. This has a stagflation-lite feel—the energy shock keeps inflation risks alive, but the wait-and-see stance tells you the ECB isn’t in a…








