ECB’s Schnabel is speaking and says:

• Disinflation remains on track, which allowed the ECB to lower rates further in October
• Warns that the fight against inflation is not yet won.
• A gradual approach to removing restriction remains appropriate.
• Neutral rate is subject to high uncertainty.
• No need to go below neutral (COMMENT: even though it is undefined…)
• Risk of meaningful and persistent undershoot in of inflation target remains small
• Headline inflation remain a bit of the due to energy.
• We will get inflation back to 2% target in sustainable manner next year.

This article was written by Greg Michalowski at www.forexlive.com.