ECB's Schnabel says no need to rush into action; we have time to analyse the data; ECB should not be in a rush to raise rates

Newsquawk StaffPublished 27 Mar 2026, 16:50 UTC

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16:32

US Secretary of State Rubio says we had a really good meeting at G7; we expect the Iran operation to conclude at the appropriate time, we are talking weeks, not months; Iran may decide to set up a tolling system on the Strait of Hormuz

16:31

UN spokesperson says UN has established task force to create new mechanism for strait of Hormuz to facilitate fertilizer trade and movement of related raw materials

16:30

ECB's Schnabel says no need to rush into action; we have time to analyse the data; ECB should not be in a rush to raise rates

16:25

House Republican leaders are proposing a 60-day CR for all of the DHS

16:23

US Secretary of State Rubio told G7 counterparts that the Iran war should end in a matter of weeks, according to reports; Rubio did not ask G7 to contribute ships to clear strait of Hormuz now but asked them to prepare for postwar role

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Context

The comments from ECB's Schnabel suggest a more cautious approach to interest rate hikes, indicating that the central bank feels it has the luxury of time to assess upcoming economic data. This hawkish pause could imply that current market expectations for immediate rate increases may need to be reassessed, which could stabilize EUR and influence fixed-income markets as the ECB prioritizes a systematic evaluation over a hasty response.

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