Isabel Schnabel is a member of the European Central Bank Executive Board.
Spoke in Mannheim, Germany, on Thursday with not a lot of media coverage at all.
Schnabel said that while headline inflation has begun to decline, underlying inflation is proving to be 'sticky' at a high rate
- inflation momentum is staying high for all components except for energy
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The ECb next meet on May 4, a rate hike appears to be baked in. The question is +25 or +50b?
Schnabel, Lagarde