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European Central Bank’s Nagel Backs September Rate Hike as Inflation Stays Elevated

Summary by anews.com.tr
European Central Bank’s Nagel backs September rate hike as inflation stays elevated

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The European Central Bank (ECB) will in all likelihood raise interest rates in the eurozone again next Thursday. That is the opinion of German Central Bank President Joachim Nagel. In June, the ECB also implemented an interest rate hike of a quarter percentage point to combat high inflation.

·Amsterdam, Netherlands (Kingdom of the)
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Right

Estimates say that the ECB will likely proceed with another increase in its central interest rate - Plans in place for households and businesses

·Marousi, Greece
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The European Central Bank (ECB) is expected to raise interest rates again next week, according to the estimates of the Governing Council and President of the Bundesbank, Joachim Nagel, although not…More...

·Greece
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Nagel is discounting an interest rate increase to 2.50%, as inflation remains at 3.3% and above the ECB's target.

Frankfurt prepares for a new rise after the July break. Analysts see a ECB still prudent, but with a more restrictive posture. Frankfurt prepares for a new rise after the July break. Analysts see a ECB still prudent, but with a more restrictive posture.

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BizToc broke the news on Wednesday, September 2, 2026.
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