Posted in Business Economy Europe Politics
Estimated read time 1 min read

ECB should hike interest rates further to combat inflation, Nagel says

MADRID (Reuters) – The European Central Bank should hike interest further to bring inflation back under control, policymaker Joachim Nagel said on Thursday.

“The ECB should not refrain from further hike rates, we need to increase them further to bring inflation down to our mid-term target,” Nagel said at an event in Madrid.

He did not however want to speculate when the path of higher borrowing costs would end and added that the euro zone was in a different situation to that of the United States.

(Reporting by Jesús Aguado; editing by Emma Pinedo)

tagreuters.com2022binary_LYNXMPEIA209D-VIEWIMAGE

You May Also Like

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Ad  Banyan Hill Publishing

Trump's Shocking Plan to Go ALL-IN on Radical New "Quantum Energy"?

It's 17,000 times more powerful than gas... 2.75 million times more powerful than coal... and a staggering... 3 million times more powerful than oil.

It could also save the United States as much as $2.2 trillion every year in energy costs.

It's no wonder this incredible new energy source is a major Trump priority.

Find out what it is here.