ECB's Schnabel warns of 'high momentum' behind sticky inflation

Kitco Media
By Reuters
Published:
Updated:
Reuters
FRANKFURT, April 19 (Reuters) - Underlying inflation in the euro zone is "sticky" and all prices apart from energy are showing "high momentum", European Central Bank board member Isabel Schnabel said on Wednesday. "While headline inflation has started to decline, underlying inflation proves sticky," Schnabel said in slides accompanying a speech in Germany. "Inflation momentum remains high for all components except for energy." (Reporting By Francesco Canepa, Editing by William Maclean)

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