ECB's Nagel Says Restrictive Policy Cannot Be Ruled Out
9 Articles
9 Articles
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.
(Teleborsa) - The ECB may be forced to push interest rates to a level that can curb economic growth if energy prices remain higher than expected.
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