ECBs Schanabel is speaking and says: My view is that some damage done from Iran war will be hard to reverse There seems to be a disconnect between the stock market and the global situation.
Earlier, Schnabel said: Signs of supply chain disruptions are reemerging
Rapidly growing shares of European manufacturing firms are planning to increase prices. Household inflation expectations are adapting rapidly. If energy price shock broadens, monetary policy will need to tighten.
Prices shocks are likely to feed through the economy faster than in 2021 Risks have increased in recent weeks Comments suggest that a tightening by the ECB is in the cards going forward This article was written by Greg Michalowski at investinglive.com.