ECB’s Schnabel Says Rates Must Rise More on Resilient Economy

Isabel Schnabel, a key member of the European Central Bank's Executive Board, emphasized that despite the prolonged conflict in the Middle East, the euro-zone's robust economic performance is pushing the need for further interest rate hikes to combat inflation risks. Her comments highlight the ECB's vigilance amid a resilient economy that defies expectations. This stance underscores the central bank's commitment to maintaining price stability in a challenging global context.