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ECB Insight: Schnabel Becomes Latest Council Member to Temper Her Hawkish Language
European Central Bank Executive Board member Isabel Schnabel, who had been keeping her policy views relatively under wraps, was bound to air these before the 15 June Governing Council meeting, and did so on Wednesday, just before the start of the quiet period, with comments we see as fitting the general trend toward a more dovish outlook. Asked in an interview with Belgian business daily de Tijd whether market expectations of two more 25bp rate hikes were realistic, Schnabel was not only disinclined to answer in the affirmative (‘It will depend on the incoming data’), but was not even willing to indicate that she ... (full story)