ECB's Schnabel: Services inflation keeping headline inflation high - Breaking The News

ECB's Schnabel: Services inflation keeping headline inflation high

19 September

1 min read

EPA-EFE/CLEMENS BILAN

European Central Bank (ECB) Executive Board member Isabel Schnabel said on Thursday during an event in Frankfurt, Germany, that the "sticky" services inflation is the reason why the Eurozone's headline inflation is still at an "elevated level."

"Price pressures in the services sector are broad-based and global. Momentum in services remains high and above levels consistent with price stability," she detailed.

Meanwhile, talking about wages, Schnabel remarked that the wage growth is anticipated to slow down, "as past price shocks unwind."

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