ECB PRESScentral bank
Isabel Schnabel: Monetary policy in a world of overlapping shocks
Hawkish Score+50Hawkish
Trailing 8 items
What changed vs prior statement
- 01Current statement emphasizes "timely action" with a rate hike discussion, contrasting with prior focus on supervisory risk appetite.
- 02Key term "framework guidance" introduced, replacing prior risk priority language.
- 03No vote-record change.
From the original
SPEECH Monetary policy in a world of overlapping shocks Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the 8th Annual EC-EIB-ESM Capital Markets Seminar Luxembourg, 30 September 2026 Inflation is back and weighing once again on people’s everyday lives. Ju