ECB’s Schnabel Sees Upside Inflation Risks Despite Peace Deal

Isabel Schnabel, executive board member of the European Central Bank, at a Peterson Institute of Economics (PIIE) event during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Thursday, April 16, 2026. The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is severally damaged.