ECB’s Schnabel: Central bank is not worried about current high inflation rates

The rise in price pressures in the Euro area this year is seen as temporary,  the European Central Bank (ECB) executive board member Isabel Schnabel provided a summary of Sunday’s interview with a German magazine in a tweetstorm on Tuesday.

Key quotes

“The ECB is not worried about current high inflation rates which they "estimate is that it will fall significantly as of next year".

“Current high inflation rates do not mean that monetary policy will be tightened soon.”

more to come ...