ECB’s Schnabel hints at June hike, energy infrastructure damage fuels policy concerns
By Dhwani Mehta
Updated: 26 May 2026
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European Central Bank (ECB) Executive Board Member Isabel Schnabel said on Tuesday, Even if Iran war ended today, policy action is needed given the damage to the energy infrastructure.
European Central Bank (ECB) Executive Board Member Isabel Schnabel said on Tuesday, Even if Iran war ended today, policy action is needed given the damage to the energy infrastructure.
Additional quotes
Looking through the inflation spike is no longer an option.
There are increasing signs that inflation shock is spilling over to other parts of the consumption basket.
The negative impact on growth from the shock will be stronger.
Incoming data implies upside risks to inflation and downside risks to growth.
Don't see any concerning developments with regard to bond yields.
Market reaction
At the time of writing, EUR/USD is down 0.12% on the day at 1.1630, uninspired by these hawkish comments.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.13% | 0.18% | 0.06% | 0.07% | 0.18% | 0.42% | 0.09% | |
| EUR | -0.13% | 0.09% | -0.06% | -0.04% | 0.09% | 0.31% | -0.03% | |
| GBP | -0.18% | -0.09% | -0.13% | -0.12% | 0.00% | 0.22% | -0.10% | |
| JPY | -0.06% | 0.06% | 0.13% | 0.01% | 0.15% | 0.34% | 0.05% | |
| CAD | -0.07% | 0.04% | 0.12% | -0.01% | 0.15% | 0.36% | 0.04% | |
| AUD | -0.18% | -0.09% | -0.01% | -0.15% | -0.15% | 0.21% | -0.11% | |
| NZD | -0.42% | -0.31% | -0.22% | -0.34% | -0.36% | -0.21% | -0.32% | |
| CHF | -0.09% | 0.03% | 0.10% | -0.05% | -0.04% | 0.11% | 0.32% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
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