ECB’s Schnabel is speaking and says:
Disinflation remains on track, which allowed the ECB to lower rates further in OctoberWarns that the fight against inflation is not yet won.A gradual approach to removing restriction remains appropriate.Neutral rate is subject to high uncertainty.No need to go below neutral (COMMENT: even though it is undefined…)Risk of meaningful and persistent undershoot in of inflation target remains smallHeadline inflation remain a bit of the due to energy.We will get inflation back to 2% target in sustainable manner next year.
This article was written by Greg Michalowski at www.forexlive.com.
