ECB’s Isabel Schnabel Urges June Rate Hike Regardless of Middle East Conflict Resolution

The European Central Bank should raise interest rates in June even if the conflict in the Middle East is quickly resolved, Executive Board member Isabel Schnabel told Reuters, underscoring a more hawkish view inside the ECB as policymakers debate how far inflation risks have eased. Her comments come as other central bankers across Europe and beyond are weighing whether to keep policy tight, pause, or begin easing in response to slower growth and shifting inflation pressures.