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ECB Executive Board Member Isabel Schnabel acknowledged that the consensus that the path to disinflation is proving to be “quite bumpy,” especially as the process is in its “last mile”. The “biggest concern” is the persistent inflation within the services sector, which remains stubbornly high. Schnabel emphasized the importance of closely monitoring unit labor costs. […]

The post ECB’s Schnabel identifies services inflation as primary concern appeared first on Action Forex.

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