ECB's Schnabel: 50 basis points are not off the table

• Says she thinks core inflation will peak in the next few months but it's not clear that it will happen very soon
• According to most-recent ECB projections, we're not seeing a recession
• Far too early to declare victory on inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• Headline inflation is coming down relatively quickly
• We need to see a sustained decline in core inflation that gives us confidence that our measures are starting to work
• The entry of China into the world economy was a key disinflationary factor over the past decades. If that reverses, the effect on inflation could also reverse
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The comments are from an interview with Politico and show a very clear effort to keep 50 bps in play. The market is currently pricing in a 64% chance of 25 bps and 36% chance of 50 bps.