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ECB's Schnabel sees risk of higher inflation: report

ECB's Schnabel sees risk of higher inflation: report
ECB's Schnabel sees risk of higher inflation: report   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">FRANKFURT</span> – Euro zone inflation will be higher next year than previously thought and there is a risk that price growth could stay above the <span class="caps">ECB</span>’s target in the medium term, European Central Bank board member Isabel Schnabel told Bloomberg in an interview.</p> <p>“The risks to inflation are skewed to the upside,” she said. “It’s plausible to assume that inflation is going to drop below our target of 2% in the medium term.</p> <p>“However, there could be structural shifts pointing in the other direction,” Schnabel, the head of the <span class="caps">ECB</span>’s market operations, said. “I don’t think we can truly tell, on the basis of today’s data, what is actually going to happen.”</p> <p>Schnabel added that plans to end pandemic emergency bond buys remain valid, despite a new wave of <span class="caps">COVID</span>-19.</p> <p/> </div>