Tag Archives: Nagel

Bundesbank President Joachim Nagel has advised the European Central Bank (ECB) to exercise caution in its interest rate decisions. He suggests that the ECB should wait until September for any subsequent rate cuts after implementing a reduction in borrowing costs in June. This warning comes ahead of a crucial meeting …

Interest rates in the Eurozone are close to their peak according to Wednesday’s statements by Bundesbank President Joachim Nagel who also explained that economic data will determine whether more tightening is needed. As for inflation, Nigel mentioned it is on track to move towards the ECB target while speaking at …

Profiting from the declining value of the US dollar, the EUR/USD pair keeps rising, currently trading at 1.0942. One major factor supporting the strength of the Euro and weakening the dollar is the decline in US Treasury bond yields.The likelihood of a rate cut by the Federal Reserve supports the …

The US dollar extended its February rally throughout the first half of the day, but turned negative during the US trading session to end the day mixed, as Fed’s Jerome Powell participated in a moderated discussion at the Economic Club, Washington DC.Key DevelopmentsIn his first State of the Union address …

The Euro sheds some ground against the US dollar on the first trading day of 2023 amidst thin liquidity conditions in the financial markets. The release of S&P Global PMIs in the Eurozone failed to bolster the shared currency on Monday. At the time of writing, the EUR/USD is trading …

The European Central Bank is targeting 2% inflation and Bundesbank President Joachim Nagel said ”it will take a while to return to 2% inflation.”Earlier in December, Nagel was quoted saying that the ECB should start reducing its large holdings of government debt in the first quarter of next year as …

According to Bundesbank President Joachim Nagel, the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year. “We should start shrinking our bond portfolio at …

The European Central Bank (ECB) Governing Council member and German central bank head Joachim Nagel said on Monday that decisive rate hikes are needed amid rising risks of inflation expectations getting de-anchored.“The risk that long-term expectations get de-anchored remains high,” Nagel explained. “Further decisive action is required to bring the …

The European Central Bank’s policy normalization must continue, European Central Bank Governing Council member and German central bank head Joachim Nagel said on Friday.“I am confident that the ECB’s Transmission Protection Instrument (TPI) would withstand legal challenges,” Nagel added and noted that they still expect favourable growth in Germany and …

Russia’s aggression in Ukraine is causing enormous suffering. It is also affecting the economy, in Europe and beyond. The conflict and the associated uncertainty are weighing heavily on the confidence of businesses and consumers. Trade disruptions are leading to new shortages of materials and inputs. Surging energy and commodity prices …