European Central Bank’s Schnabel warns of greater growth impact from economic shock
Isabel Schnabel of the European Central Bank has warned that economic growth may suffer more than expected due to current energy price shocks. The ongoing tensions in the Middle East are contributing to this instability, particularly affecting Europe as a net energy importer. Schnabel also highlighted the potential erosion of central bank independence amid rising inflation and political pressures.
- ▪Schnabel indicated that the economic impact from energy price shocks is greater than previously anticipated.
- ▪The ECB is concerned about second-round effects of energy price increases on wages and consumer goods.
- ▪Schnabel warned that political pressure could compromise the ECB's ability to manage inflation effectively.
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European Central Bank’s Schnabel warns of greater growth impact from economic shock The ECB executive board member flagged energy price risks tied to Middle East tensions, hinting that tighter monetary policy could be on the table even as growth weakens. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Isabel Schnabel, a member of the European Central Bank’s executive board, warned…
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