ECB's Schnabel: Short-term rates will stay low for substantial time.

ECB's Schnabel speaking

ECB'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