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ECB’s Schnabel: Services inflation particularly difficult in final stretch of inflation fight
![ECB’s Schnabel: Services inflation particularly difficult in final stretch of inflation fight ECB’s Schnabel: Services inflation particularly difficult in final stretch of inflation fight](https://i2.wp.com/images.forexlive.com/images/ECB%20schnabel_id_f0f4ab66-cf60-408d-a311-7691ebb1c5e6_size975.jpg?w=975&resize=975,551&ssl=1)
ECB’s Ms Schnabel speaks out and says:
- Services inflation shows that combating last-mile inflation is particularly difficult
- Some data were not quite in line with projections.
- The ECB did not follow a predetermined path. A first cut does not imply a series of cuts.
- Freight costs and protectionism could fuel inflation.
- The pace and depth of ECB rate cuts will depend on the data
- Keep a close eye on sticky service prices
This article was written by Greg Michalowski at www.forexlive.com.
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