Latest news with #globalshock
Bloomberg
a day ago
- Business
- Bloomberg
Don't Count on a Sustained Fed-ECB Decoupling, Schnabel Says
It would be wrong to expect a persistent policy divergence between the US Federal Reserve and the European Central Bank, according to Executive Board member Isabel Schnabel. 'I expect this trade conflict to play out as a global shock that's working for both global demand and supply — we can discuss which of the two effects on inflation is larger because that that determines the net effect,' the German central banker said on Saturday.
Reuters
a day ago
- Business
- Reuters
ECB's Schnabel sees no lasting decoupling from Fed
DUBROVNIK, Croatia, June 7 (Reuters) - Ongoing trade tensions between the United States and the rest of the world are a shock to the entire global economy, meaning the Federal Reserve's and the European Central Bank's monetary policies are unlikely to diverge for long, ECB board member Isabel Schnabel said on Saturday. "I expect this trade conflict to play out as a global shock that's working through both lower demand and supply," she told a conference in Croatia. "We can discuss which of the two effects on inflation is larger because that determines the net effect. But in any case, I would not expect a sustained decoupling (between the ECB and the Fed)," she said.
Yahoo
a day ago
- Business
- Yahoo
ECB's Schnabel sees no lasting decoupling from Fed
DUBROVNIK, Croatia (Reuters) -Ongoing trade tensions between the United States and the rest of the world are a shock to the entire global economy, meaning the Federal Reserve's and the European Central Bank's monetary policies are unlikely to diverge for long, ECB board member Isabel Schnabel said on Saturday. "I expect this trade conflict to play out as a global shock that's working through both lower demand and supply," she told a conference in Croatia. "We can discuss which of the two effects on inflation is larger because that determines the net effect. But in any case, I would not expect a sustained decoupling (between the ECB and the Fed)," she said. (Reporting By Francesco CanepaEditing by Tomasz Janowski) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
