WASHINGTON, April 16 (Reuters) - The European Central Bank entered the current inflation shock in a strong position as the bloc managed to resolve many of its economic and financial imbalances over
ECB in Strong Starting Position to Address Latest Inflation Shock: Schnabel
ECB's Resilience and Response to Inflation Shocks
ECB's Strong Position Entering the Inflation Shock
WASHINGTON, April 16 (Reuters) - The European Central Bank entered the current inflation shock in a strong position as the bloc managed to resolve many of its economic and financial imbalances over the past decade, ECB board member Isabel Schnabel said on Thursday.
Economic and Financial Improvements
The economy has grown increasingly resilient, imbalances have dissipated and sovereign spreads have narrowed, allowing the ECB to tame the last inflation shock with only a modest impact on growth, a positive omen for the current crisis, Schnabel said.
Impact on Growth and Stability
"It's really remarkable that this was possible without causing a recession or financial instability, and this is quite important also in the presence of the most recent shock, because this puts us in a relatively good starting position to deal with this shock," she told a Peterson Institute lecture.
Reporting Credits
(Reporting by Balazs Koranyi; Editing by Toby Chopra)
