ECB Schnabel: Some damage from Iran War will be hard to reverse

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.

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