（文章来源：新华财经） 施纳贝尔认为，利率处于"绝对"合适的水平，决策者必须保持对"仍然相当强劲"的食品成本上涨以及服 务业通胀"粘性"的警惕。 新华财经北京11月12日电根据欧洲央行执委施纳贝尔的说法，由于经济正在积聚动能，且各国政府开始 在军事和基础设施上投入巨额资金，欧元区的通胀风险倾向于上行。 施纳贝尔表示："经济正在复苏，产出缺口正在缩小。"施纳贝尔目前被视为欧洲央行管理委员会中最鹰 派的成员。她补充说："这使我得出结论，如果说有什么风险的话，那就是通胀风险倾向于上行。" ...

Group 1 - The European Central Bank (ECB) should maintain current borrowing costs due to upward inflation risks, according to ECB Executive Board member Isabel Schnabel [1][3] - Despite the impact of U.S. trade disruptions, the European economy remains in good shape, but price increases may exceed expectations in the coming years [1][3] - Schnabel believes that the current policy may be slightly accommodative, indicating no reason for further rate cuts at this time [1][3] Group 2 - The market widely expects the ECB to keep borrowing costs unchanged during the upcoming policy meeting on September 11 [3] - Preliminary inflation data for the Eurozone in August is expected to rise from 2% in July to 2.1%, slightly above the ECB's target [3] - Schnabel has previously stated that the threshold for further easing of policy is "very high," and several colleagues have echoed this sentiment [3] Group 3 - Schnabel highlighted that rising food prices in the U.S., along with trade tariffs and expansionary fiscal policies, indicate that inflation risks are tilted to the upside [3] - Concerns about sustained low inflation are dismissed by Schnabel, who believes the likelihood of inflation expectations becoming unanchored is very low after years of high inflation [3] - Global borrowing costs may begin to rise earlier than expected due to trade, high government spending, and an aging population [3] Group 4 - Schnabel warned that any loss of independence by the U.S. Federal Reserve could lead to higher global borrowing costs, which would have severe implications for the global financial system and impact the ECB [4]