ECB PRESScentral bank
Isabel Schnabel: Navigating stormy waters: reflections on monetary policy
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Trailing 8 items
What changed vs prior statement
- 01Prior statement focused on enhancing payment systems; current emphasizes flexibility in monetary policy amid fragmentation and inflation.
- 02Key language shift from "accommodative" to "tightening" cycle reflects changing monetary policy stance.
- 03No vote-record change.
From the original
SPEECH Navigating stormy waters: reflections on monetary policy Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the ECB Conference on Money Markets 2026 Frankfurt am Main, 5 November 2026 The past seven years have been an extraordinary journey. [ 1 ] We ha
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