ECB may have to act over energy prices, Schnabel warns

Isabel Schnabel
Isabel Schnabel

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: