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Live Updates  >  Live Update Details

2026-05-26 13:01:01

ECB Executive Board member Schnabel: The negative impact of inflationary shocks on economic growth will be more pronounced. There are increasing signs that the inflationary shock is spreading to other parts of the consumption basket. Even if tensions with Iran end today, policy action will still be needed given the extent of damage to energy infrastructure. A rate hike in June will be necessary; ignoring the surge in inflation is no longer an option.

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