ECB's Schnabel: Services inflation is proving stickier than expectedExecutive Board member of the European Central Bank (ECB) Isabel Schnabel hit the wires late on Friday noting that a single cut from the ECB doesn't necessarily guarantee follow-up cuts, and that inflation in the EU, particularly services inflation, is proving a tricky beast to slay.
Source: ECB's Schnabel: Services inflation is proving stickier than expected (https://www.fxstreet.com/news/ecbs-schnabel-services-inflation-is-proving-stickier-than-expected-202407261645)