1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 ReadFILE PHOTO: The European Central Bank (ECB) headquarters building is pictured on March 7, 2018 in Frankfurt, Germany. REUTERS/File Photo/Ralph Orlowski Reuters – FRANKFURT (Reuters) – Before revising its perspective and tightening policy, the European Central Bank needs to see stronger core inflation, according to ECB board member Isabel Schnabel. “When faced with a brighter outlook, inflation overshoots may be the result of the Governing Council showing patience in altering its policy stance,” Schnabel added. “Before a more fundamental review of the medium-term inflation forecast, higher inflation prospects must be obviously reflected in real underlying inflation dynamics.” Francesco Canepa contributed reporting, and Jason Neely edited the piece./n
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