{"id":91781,"date":"2023-10-31T20:56:03","date_gmt":"2023-10-31T16:56:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=91781"},"modified":"2023-10-31T20:58:34","modified_gmt":"2023-10-31T16:58:34","slug":"ecbs-nagel-rates-must-be-sufficiently-high-for-sufficiently-long","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecbs-nagel-rates-must-be-sufficiently-high-for-sufficiently-long\/10\/31\/market-updates\/","title":{"rendered":"ECB&#8217;s Nagel: Rates must be sufficiently high for long"},"content":{"rendered":"\n<p>European Central Bank policymaker Joachim Nagel noted on Tuesday that inflation in the Eurozone has fallen significantly but added that it was still too high, per Reuters.<br><br>The EUR\/USD pair stays under bearish pressure despite these hawkish comments and was last seen losing 0.45% on the day at 1.0565.<br><br><strong>Key Quotes<br><\/strong><br>&#8220;We must not let up too soon, rates must be sufficiently high for sufficiently long.&#8221;<br><br>&#8220;It is not yet possible to say whether interest rates have already reached their peak.&#8221;<br><br>&#8220;There are several upside risks to inflation; geopolitical tensions in the Middle East could drive up energy prices.&#8221;<br><br>&#8220;Inflation has proven stubborn and has not yet been defeated.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Central Bank policymaker Joachim Nagel noted on Tuesday that inflation in the Eurozone has fallen significantly but added that it was still too high, per Reuters.The EUR\/USD pair stays under bearish pressure despite these hawkish comments and was last seen losing 0.45% on the day at 1.0565.Key Quotes&#8220;We must not let up too soon, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":44251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,6837,6987,10272],"class_list":["post-91781","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-eurozone","tag-inflation","tag-joachim-nagel"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=91781"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91781\/revisions"}],"predecessor-version":[{"id":91790,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91781\/revisions\/91790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=91781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=91781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=91781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}