ECB’s Schnabel: Services inflation particularly difficult in final stretch of inflation fight

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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