ECBs Schnabel:Services inflation showing last mile in inflation fight especially difficult

ECBs Schnabel is speaking and she says:

• services inflation is showing that the last mile inflation fight is especially difficult
• Some data was not quite in line with projections.
• The ECB is not on a predetermined path. A first cut does not imply a series of cuts.
• Freight costs, protectionism could drive inflation.
• Pace and extent of ECB rate cuts will depend on the data
• Closely watching sticky services prices

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