The statements of Isabelle Schnabel, a member of the Executive Board of the European Central Bank, were :-
- We see inflation in services, and the labor market remains flexible.
- There is an easing in financial conditions as the markets have priced interest rate cuts aggressively.
- The recent events in the Red Sea also raise fears of renewed supply chain disruptions.
- If we take this into account, it makes us wary of adjusting the policy position too early.
- We have made significant progress in terms of inflation, but we have not yet reached the target.
- We must be patient and careful because inflation may flare up again.
