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
- Our better starting position vs 2022 gives us the time.
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.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#EUR#EUROPE#ECB#IMPORTANT#FIXED INCOME#EU SESSION#US SESSION#CENTRAL BANK