ECB's Schnabel says views more hiking as needed to get to 2% inflation; rates are not yet restrictive

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European Closes: Euro Stoxx 50 -0.18% at 6,219, Dax 40 -0.71% at 24,716, FTSE 100 +0.31% at 10,462, CAC 40 +0.54% at 8,385, FTSE MIB -0.74% at 51,639, IBEX 35 -0.45% at 19,390, PSI -0.88% at 9,056, SMI +1.52% at 14,122, AEX -0.03% at 1,065

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ECB's Schnabel says views more hiking as needed to get to 2% inflation; rates are not yet restrictive

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  • Ceasefire not a signal for Ecb to ease vigilance.
  • War, inflation, growth set timing, and size of any hikes.

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