Given the uncertainty about inflation persistence, the costs of doing too little outweigh the costs of doing too much, Executive Board member @Isabel_Schnabel tells De @tijd & @lecho.

A peak in underlying inflation is not sufficient to declare victory https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230607~3fc7acf294.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1666324830172467202