NEW YORK: The European Central Bank (ECB) must keep a close eye on upside inflation risks stemming from geopolitical events like the war in Iran, though it doesn’t have to react as long as price growth remains reasonably close to target, Executive Board member Isabel Schnabel says.
With inflation projected to meet the 2% goal over the medium term and consumer expectations anchored, “monetary policy remains in a good place,” Schnabel said last Friday in New York.
