ECB's Schnabel: Short-term rates will stay low for substantial time.
ECB's Schnabel speakingECB's Isabel Schnabel is on the wires say:
- short-term rates will stay low for substantial time
- It remains an open question if producer prices will be passed on
- ECB assumes that the bottlenecks will be resolved in 2021
- Sees risk companies are kept alive that should fail
- ECB can not stand on the sidelines with regard to climate change