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 hurry to support growth. That’s not a green light for risk, and it leans more bearish for the economy, while keeping a hawkish bias on inflation vigilance.

This article was written by Greg Michalowski at investinglive.com.



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