Aug 26 (Reuters) – European Central Bank board member Isabel Schnabel said interest rates must rise further as the conflict in the Middle East drags on and strong euro-zone economy pose upside risks to inflation, in an interview to Bloomberg News published on Wednesday.
“At the current policy rate, inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary,” Schnabel told Bloomberg.
(Reporting by Anusha Shah in Bengaluru; Editing by Jacqueline Wong)
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