ECB's Schnabel Signals Further Rate Hikes Amid Persistent Inflation Risks

European Central Bank (ECB) board member Isabel Schnabel indicated that interest rates must continue to rise, citing the ongoing conflict in the Middle East and the robust Eurozone economy as factors contributing to upside risks to inflation. Her comments follow reports that ECB policymakers are prepared to raise interest rates at their upcoming September meeting, though they currently show little appetite to signal further tightening beyond that.