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ECB'S SCHNABEL: MONETARY POLICY HAS HAD A WEAKER IMPACT ON DAMPENING DEMAND FOR SERVICES

guntur360
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European Central Bank (ECB) executive board member Isabel Schnabel is speaking about the Payment Methods Survey of Companies in Switzerland 2023 on Friday.

She said that “monetary policy has had a weaker impact on dampening demand for services.”

“We're starting to see that firms are beginning to absorb higher costs into their profit margins,” Schnabel added.

Market reaction

EUR/USD is losing ground toward 1.0800, unfazed by the above comments


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