ECB's Schnabel: Cannot Wait For Second-Round Effects To Materialise
High Costs Passed Through To Consumers More Quickly When Economy Resilient - Robust Credit Dynamics Suggest That Financial Conditions Not Yet Restrictive - Possible Economy Responds More To Recent Global Yield Rise Than Assumed; Would Dampen Prise Pressures - Can Return Inflation To Target More Gradually When Expectations Anchored - Energy Prices Nearer To Adverse Scenario Now - Long-Term Inflation Expectations Near 2%
High Costs Passed Through To Consumers More Quickly When Economy Resilient - Robust Credit Dynamics Suggest That Financial Conditions Not Yet Restrictive - Possible Economy Responds More To Recent Global Yield Rise Than Assumed; Would Dampen Prise Pressures - Can Return Inflation To Target More Gradually When Expectations Anchored - Energy Prices Nearer To Adverse Scenario Now - Long-Term Inflation Expectations Near 2%