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 Acquire Licensing RightsFRANKFURT, Oct 6 (Reuters) - The European Central Bank may need to raise interest rates again if wages, profits or new supply snags boost inflation, ECB board member Isabel Schnabel said in an interview published on Friday.
Schnabel said a recent moderation in inflation, which fell to its lowest level in two years at 4.3% in September, was "encouraging" but risks abounded, from stronger-than-expected wages or profits to new disruption to supply.
"I still see upside risks to inflation," Schnabel told Croatian newspaper Jutarnji list.
But Schnabel played down the chances of such a move in the near term.
Persons:
Isabel Schnabel, Ralph Orlowski, Schnabel, Aleksandar Vasovic, Francesco Canepa, Christina Fincher, Toby Chopra
Organizations:
Frankfurt, Banking Congress, Old Opera, REUTERS, Rights, European Central Bank, ECB, Croatian, Thomson
Locations:
Frankfurt, Germany, Belgrade