ECB’s Schnabel: Disinflation remains on track, but inflation fight is not yet won

ECB’s Schnabel is speaking and says:

• Disinflation remains on track, which allowed the ECB to lower rates further in October
• Warns that the fight against inflation is not yet won.
• A gradual approach to removing restriction remains appropriate.
• Neutral rate is subject to high uncertainty.
• No need to go below neutral (COMMENT: even though it is undefined…)
• Risk of meaningful and persistent undershoot in of inflation target remains small

This article was written by Greg Michalowski at www.forexlive.com.