; ECB’s Schnabel: Recent yield rise a factor of improved outlook; this is precisely what we want to seeNEWS | 5/28/2021 6:55:53 AM GMT | By Dhwani Mehta The recent yield rise is a factor of improved outlook, the European Central Bank (ECB) executive board member Isabel Schnabel said on Friday, adding that “this is precisely what we would expect and want to see." Additional quotes “Premature removal of ECB support would be a great mistake.” “Remaining PEPP envelope "quite large", doesn't impose restrictions on the decision; not appropriate time to discuss an increase.” “Financing conditions remain favorable.” “Economy has reached a turning point, short term outlook has improved.”