Reported about 1 month ago
ECB Governing Council member Joachim Nagel advises against rushing into interest rate cuts, emphasizing a need for flexibility based on economic data. With inflation projected to meet the ECB's 2% target sooner than expected, discussions on the next steps have become contentious. Although some officials advocate for quicker cuts, Nagel stresses the importance of careful consideration amid persisting risks to prices. He anticipates valuable insights from the ECB's upcoming quarterly outlook but refrains from speculating on the December meeting's decisions.
Source: YAHOO