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ECB's Nagel: There's still ECB consensus for hiking
ECB'S NAGEL: THERE'S STILL ECB CONSENSUS FOR HIKING.
— Breaking Market News (@financialjuice) May 11, 2023
Added at 2:50am
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ECB’s Nagel Says Nothing Off the Table for September Meeting
European Central Bank Governing Council member Joachim Nagel refused to exclude that interest-rate increases may persist beyond the summer. Asked in a Bloomberg Television interview whether borrowing costs may still be rising in September, the Bundesbank president said “there’s nothing off the table.” “Inflation is still very sticky,” Nagel said Thursday in Niigata, Japan, where he’s attending the meeting of Group of Seven finance chiefs. He described price gains as “a very stubborn phenomenon.” The ECB is emphasizing that rates will increase more after it slowed the pace of its unprecedented ... (full story)