Isabel Schnabel
German economistWikipedia
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Search complete. 9 mentions across 6 episodes found for "Isabel Schnabel".
Sep 25, 2026
Neil StainesGUEST
And as markets continue to struggle with the implications of sharply higher energy and yields, a topic we discuss further in this week's blog, markets will pay very close attention to monetary commentary.
Neil StainesGUEST
from Lagarde and Isabel Schnabel this week.
Neil StainesGUEST
And this rhetoric alongside the Eurozone CPI print for September will be key to that October-December rate hike pricing debate in the Eurozone.
Neil StainesGUEST
Currently, we're about 50-50 for an October rate hike.
speaker_0HOST
Final Swedish CPI matched the flash reading.
speaker_0HOST
Swiss producer prices accelerated in August, and markets will watch speeches from ECB President Lagarde and board member Isabel Schnabel for guidance on the outlook.
speaker_0HOST
In corporate news, Apollo reportedly in talks to acquire Johnson & Johnson's orthopedics unit at valuation of about $20 billion.
speaker_0HOST
GE Healthcare Technologies is in talks to buy Sophie Biosciences for $1 billion.
speaker_0HOST
Lagarde had dismissed recent rumors of an imminent departure.
speaker_0HOST
Speculation, which dates back to June 2025, has linked her to the World Economic Forum job, and reports say she will publish an autobiography in January.
speaker_0HOST
Other senior ECB changes next year include Philip Lane's term as chief economist, ending in May 2027, and executive board member Isabel Schnabel's term ending in December 2027.
speaker_0HOST
It's reported that Schnabel is also in talks with the IMF and could leave early.
AnetaCORRESPONDENT
And I think that is the two, uh, camps in the governing council which also we can see in recent commentary.
AnetaCORRESPONDENT
Isabel Schnabel has actually evolved as a very good predictor for future rate hikes, and when she stepped out, uh, some week ago, um, everybody was sure, okay, this is going to be 25 basis point.
AnetaCORRESPONDENT
But she's also rather on the hawkish side, um, meaning that we could well look into another rate hike in December.
AnetaCORRESPONDENT
Whether this is going to be 50 or 25 remains to be seen, and that will very much depend on how long these energy prices will last at that elevated level.
Mike DolanHOST
Big issue, as always, is how does it guide after that? Our sources' stories that have been out there for the last couple of weeks are saying that there's a growing consensus that this is the last one, and then they will see what happens after that.
Mike DolanHOST
We did also, though, have Isabel Schnabel, who's one of the hawks on the ECB Council, saying that further tightening should be considered.
Mike DolanHOST
Although an interesting vignette in that is that Schnabel herself appears to be leaving the ECB, at least according to reports that she may be going to a job at the IMF.
Mike DolanHOST
So lots to unpack in terms of deep in the weeds of ECB thinking.
Mark WallGUEST
At the time, the market was probably pricing about two eighty, two eighty-five.
Mark WallGUEST
Uh, we had a similar comment from Isabel Schnabel, uh, less than two weeks ago.
Mark WallGUEST
Um, but again, the market was probably pricing about two eighty, two eighty-five when she said the market understood the reaction function.
Mark WallGUEST
But now that the market is pricing three and a little bit above three, will they... is willing to say that the market understands the reaction function? I mean, if she does, it's an endorsement of market pricing, and certainly, I think a message to the analytical community that, you know, expectation, broad expectations for this cycle ending at two and a half percent, I think might need to be revisited as we have done.
Shreyas GopalHOST
And since you mentioned those two members, President Lagarde and, um, Isabel Schnabel as well, we have seen reports over the past few weeks about potential changes perhaps to the makeup of the governing council.
Shreyas GopalHOST
Is that something, um, that investors should be keeping an eye on over the next, uh, several months?
Mark WallGUEST
Uh, y- yes.
Mark WallGUEST
But at the same time, she's told us that the captain does not leave the ship.
Dominic BunningHOST
I do think one interesting thing with the ECB could be the change in personnel coming through.
Dominic BunningHOST
We heard some news reports, I think, about Isabel Schnabel stepping down from the governing council.
Dominic BunningHOST
Do you have any more sort of insights or thoughts on how personnel changes might impact the ECB going forward?
Josie AndersonGUEST
Yeah, thanks.