
ECB's Schnabel says services inflation is showing that the last mile in inflation fight is especially difficult, according to Faz
- Some data was not quite in line with the projections.
- A first cut doesn't automatically lead to a series.
- ECB executive board member Schnabel speaks.
- Services inflation proving to be particularly sticky.
- Freight costs, protectionism could drive inflation.
- Pace and extent of ECB rate cuts will depend on data.
- ECB closely watching sticky services prices.
26 Jul 2024 - 16:56- Fixed IncomeImportant- Source: Newswires
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts