Rate hike would be devastating: ECB’s Schnabel

Rate hike would be devastating: ECB’s Schnabel


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Economic Indicators3 hours ago (Jan 31, 2021 06:35AM ET)

© Reuters. FILE PHOTO: 29th Frankfurt European Banking Congress (EBC) takes place in Frankfurt
© Reuters. FILE PHOTO: 29th Frankfurt European Banking Congress (EBC) takes place in Frankfurt

BERLIN (Reuters) – Raising euro zone interest rates in the current environment would have a devastating impact, European Central Bank board member Isabel Schnabel said on Sunday, adding that temporary spikes in inflation should not be confused with a trend.

Schnabel was responding to

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