×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: Coronavirus | Financial Markets | Money | Vaccines | European Central Bank | ECB | COVID Delta variant

Markets May Be Overestimating Delta's Impact: ECB's Schnabel

Isabel Schnabel

ECB board member Isabel Schnabel (far right) poses with German Chancellor Angela Merkel (far left) at a meeting of the German Council of Economic Experts in 2019. (AP)

Wednesday, 15 September 2021 08:50 AM

Euro zone real interest rates are puzzlingly low, European Central Bank board member Isabel Schnabel said on Wednesday, arguing that investors may be overestimating the impact of the Delta variant of the coronavirus on the economy.

"The market may be overestimating the risks to the global growth outlook from the spread of the more contagious Delta variant," she said.

"Delta variant has many characteristics of a genuine supply-side shock, raising prices and lowering output," she added. "But market analysts’ growth expectations suggest that this shock is widely perceived as being short-lived."

© 2021 Thomson/Reuters. All rights reserved.


StreetTalk
Euro zone real interest rates are puzzlingly low, European Central Bank board member Isabel Schnabel said on Wednesday, arguing that investors may be overestimating the impact of the Delta variant of the coronavirus on the economy.
European Central Bank, ECB, COVID Delta variant, economic recovery, global economic recovery
91
2021-50-15
Wednesday, 15 September 2021 08:50 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved