ECB's Nagel Says Restrictive Policy Cannot Be Ruled Out
10 Articles
10 Articles
The European Central Bank (ECB) may need to raise interest to a level that restricts economic growth to contain inflation, said the President of the Bundesbank, the German central bank, and member of the ECB's board, Joachim Nagel. After two interest increases by the ECB, markets already project up to three more highs in this cycle, while euro area inflation remains above 3% and should stay above the 2% target for another year. Exclusive materia…
Bundesbank CEO Joachim Nagel warns against a tighter monetary policy of the ECB in the event of permanently high energy prices. At the same time, he considers the risk of a new wage-price spiral to be limited.
The European Central Bank could be called upon to intervene again on interest rates if energy prices were to remain higher than expected. Joachim Nagel, President of the Bundesbank and member of the Governing Council of the ECB, intervened in London, launched the warning. Nagel stressed that, in the presence of a [...]
Joachim Nagel warns that the rates could enter restrictive terrain if the energy shock is prolonged, while the market accounts for up to three new increases.
The European Central Bank may need to raise interest rates to a level that limits economic growth, said Governing Council member Joachim Nagel.
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