European Central Bank’s Schnabel warns of greater growth impact from economic shock
Isabel Schnabel of the European Central Bank warns that the ongoing energy price shock could significantly impact Eurozone growth. She indicates that this shock may reduce growth by nearly one percentage point over the next two years. The ECB is currently maintaining its policy stance but is closely monitoring key economic indicators for potential adjustments.
- ▪Schnabel warns that the energy price shock could shave nearly a full percentage point off Eurozone growth.
- ▪The energy crisis is driven by geopolitical tensions, particularly related to the Iran conflict.
- ▪The ECB has left interest rates unchanged, balancing the risks of inflation and growth slowdown.
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European Central Bank’s Schnabel warns of greater growth impact from economic shock ECB board member signals the energy price shock could shave nearly a full percentage point off Eurozone growth, but urges patience before any policy pivot. 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, one of the six members of the European Central Bank’s Executive Board, is…
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