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ECB can take time on policy, policymaker Nagel says

ECB policymaker Joachim Nagel stated that the European Central Bank can take its time on interest rates now that monetary policy is at a neutral level that is no longer restrictive.
The ECB recently cut interest rates for the eighth time in a year but indicated a policy pause next month after inflation met its 2% target.
Nagel said, 'We are no longer restrictive,' which suggests that the current rates neither expand nor restrain the economy.
He expressed confidence, stating, 'We now have maximum flexibility at this interest rate level.

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U.S. News

Lean Left

ECB Can Take Time on Policy, Policymaker Nagel Says

4 days ago·New York, United States

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Reuters

+7 Reposted by 7 other sources

Center

ECB can take time on policy, policymaker Nagel says

The European Central Bank can take its time on interest rates with monetary policy now set at a neutral level that is no longer restrictive, ECB policymaker Joachim Nagel said on German radio on Sunday.

4 days ago·United Kingdom

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Bloomberg

Lean Left

ECB Has Maximum Flexibility on Interest Rates, Nagel Tells DLF

European Central Bank Governing Council member Joachim Nagel said he can’t judge if interest-rate cuts are over for this year and next steps are totally open, according to an interview with Deutschlandfunk.

4 days ago·United States

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wz.de

+2 Reposted by 2 other sources

Center

Bundesbank President: ECB Can Take Time for Interest

Good for borrowers, bad for savers: The European Central Bank recently lowered its key interest rates for the eighth time since June 2024. Now there is a pause in interest rates.

4 days ago

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