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European Central Bank Executive Board Member Schnabel: Rate hike in June is inevitable

2026-05-26 05:27:24

Golden Finance reports that on May 26th, European Central Bank Executive Board Member Schnabel stated: a June interest rate hike is inevitable; they can no longer turn a blind eye to soaring inflation. The latest data indicates upward risks for inflation and downward risks for economic growth. Inflation shocks are gradually spreading to other parts of the consumption basket, with signs becoming increasingly evident.

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