ECB: Schnabel, recession not ruled out, but inflation priority

(ANSA) - ROME, AUGUST 18 - The ECB sees a worsening picture for growth in the euro area, and "do not rule out the possibility that we are entering a technical recession".

   But inflation worries more: "the concerns we had in July have not been alleviated".

This was stated by Isabel Schnabel, of the Executive Committee of the ECB, referring to the decision to raise rates by half a point in July and the prospects for the meeting on 8 September.

"If you look at any of the underlying inflation measures, they are climbing further and are at an all-time high," Schnabel said in an interview with Reuters posted on the ECB website.

   (HANDLE).