ECB's Schnabel Backs June Rate Hike Regardless of Iran Deal
🏦 ECB — Europe's inflation fight is now decoupled from the Gulf ceasefire clock. 📌 LOOK CLOSER: Schnabel's signal means the ECB won't wait for Hormuz normalization to ease policy — it's pricing in persistent inflation regardless of outcome. For southern European sovereigns carrying high debt loads, a June hike without energy relief compounds the squeeze. It also tells markets: no peace dividend for European borrowers even if Rubio's "few days" timeline holds.
