ECB's Schnabel warns of scars from post-pandemic inflation spike
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FILE PHOTO: Isabel Schnabel, member of the German advisory board of economic experts attends the 29th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 22, 2019. REUTERS/Ralph Orlowski/File Photo
FRANKFURT, March 11 (Reuters) - The post-pandemic spike in inflation has left scars on companies and consumers, which now know that prices can rise fast and settle at a higher level, ECB policymaker Isabel Schnabel said on Wednesday.
"These are certain scars from this high-inflation episode," Schnabel told an event in Frankfurt. She cautioned, however, that some of the energy supply lost to the Iran war could come back and monetary and fiscal policies are less expansive now than in 2022.
(Reporting by Francesco Canepa; Editing by Kirsten Donovan)
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