Isabel Schnabel: Interview with Die Zeit
What changed vs prior statement
- 01ECB highlights potential short-term improvement due to lower energy prices, but maintains cautious outlook on medium-term inflation risks.
- 02Increased emphasis on second-round effects of inflation stemming from rising input costs and wage growth expectations.
- 03No vote-record change.
From the original
INTERVIEW Interview with Die Zeit Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Mark Schieritz and Kolja Rudzio on 19 June 2026 25 June 2026 There is now a ceasefire in the Middle East, and oil prices have fallen. What does this mean for t
Related speeches
4 itemsIsabel Schnabel: Interview with Reuters
Isabel Schnabel: From money market funds to stablecoins - lessons for central banks
Isabel Schnabel: The quiet erosion of central bank independence
The desk argues that the erosion of central bank independence, as highlighted by Isabel Schnabel, poses significant risks to monetary policy effectiveness and market stability. Per the full note [source], Schnabel emphasizes that this trend could undermine the credibility of central banks, particularly in the Eurozone, where political pressures are mounting. The implications of this shift are critical as they may lead to increased volatility in FX markets, especially for the euro. Current positioning suggests traders should remain cautious as the market navigates these uncertainties.