Bundesbank President and ECB governing council member Joachim Nagel said on Wednesday that he expects the ECB’s first rate hike to come in Q3 of this year, though he also said he is against hasty rate hikes. Nagel warned that getting inflation back to the ECB’s 2.0% target is looking …
Read More »Nagel: ECB should raise interest rates if prices so require
ECB Governing Council member and Bundesbank President Joachim Nagel said on Monday that the ECB should raise interest rates if the price outlook so requires, if bond-buying ends in Q3 as now planned, rates could rise this year.Nagel said the risks of tightening policy too late have increased and any …
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