ECB's Schnabel: There is not yet an all-clear for the inflation problem

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ECB's Schnabel: There is not yet an all-clear for the inflation problem
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'The current, unusual contraction in monetary aggregates is unlikely to foreshadow a deep recession but rather reflects a significant rebalancing of p

"The current, unusual contraction in monetary aggregates is unlikely to foreshadow a deep recession but rather reflects a significant rebalancing of portfolios after a long period of low interest"Hence, there is not yet an all-clear for the inflation problem," she added.stays under persistent bearish pressure in the second half of the day on Monday and the pair was last seen trading at its lowest level since March at 1.0610, losing 0.38%.

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