The European Central Bank’s historic series of interest-rate increases isn’t finished yet as upside risks to the inflation outlook predominate, Governing Council member Joachim Nagel said. While decisions beyond a planned hike this month remain data-dependent, “the way I see it, we still have some way to go,” Nagel, who is president of Germany’s Bundesbank, said in a speech in Frankfurt on Monday. “Upside risks to the price outlook dominate,” he said. “Looking at the forecast, higher rather than lower inflation rates are to be expected. For example, stronger-than-expected wage increases or profit margins could cause ... (full story)