ECB’s Schnabel: Monetary policy has had a weaker impact on dampening services demand

  • Confident that risks of de-anchoring of inflation expectations have come down
  • There is hope to achieve soft landing and taming inflation without causing a recession

The question now is whether is it enough to get inflation back down towards the desired 2% target. For now, we can still expect rate cuts in the near future but the pace of the trajectory may still be in question.

This article was written by Justin Low at Source