ECB’s Schnabel: Current shock cannot simply be looked through
By Agustin Wazne
Updated: 6 Jul 2026
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European Central Bank (ECB) Executive Board member Isabel Schnabel said on Monday that the Eurozone is not back to a pre-war situation, even after the recent decline in Oil prices.
European Central Bank (ECB) Executive Board member Isabel Schnabel said on Monday that the Eurozone is not back to a pre-war situation, even after the recent decline in Oil prices. Speaking at an event in Rome, Schnabel warned that the current inflation shock cannot be ignored by policymakers, as it is already creating indirect effects and could trigger second-round inflation pressures.
Key takeaways:
The Eurozone is not in a pre-war situation, even after the fall in oil prices.
The current shock cannot simply be looked through by the ECB.”
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