ECB may have to act over energy prices, Schnabel warns

Isabel Schnabel
Isabel Schnabel
ECB

The European Central Bank may have to stop ignoring rises in eurozone fuel prices if a “green transition” boosts inflationary pressures, Isabel Schnabel warned.

The “prevailing consensus” was that central banks should “look through”, or ignore rising energy prices when making monetary policy, the ECB executive board member said. But there are “instances in which central banks will need to break” with that consensus, Schnabel said in a speech in Frankfurt on January 8.

She warned that these

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