Monday, November 29, 2021

Inflation reached its peak in November, says ECB’s Schnabel

Isabel Schnabel, then member of the German advisory board of economic experts, at the Old Opera house in Frankfurt November 22, 2019. — Reuters pic
Isabel Schnabel, then member of the German advisory board of economic experts, at the Old Opera house in Frankfurt November 22, 2019. — Reuters pic

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.


BERLIN, Nov 29 — The ECB believes that inflation peaked in November, meaning it would be premature to raise interest rates as price increases look likely to slow gradually next year, European Central Bank board member Isabel Schnabel said.

Inflation would trend back towards 2 per cent next year, she told ZDF television today, as supply bottlenecks and energy price growth level off. The current high figures reflected both supply bottlenecks and from a base effect resulting from prices being lower last year at the height of the pandemic.

“Most forecasts actually assume inflation will fall below 2 per cent, so there really are no signs of price rises getting out of control,” she said.

“If we thought inflation would permanently settle above 2 per cent, we would definitely react. However, at the moment, we see no indications of this,” she added. — Reuters




Source: Malay Mail

A word from our sponsor:

Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

No comments:

Post a Comment