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The European Central Bank's governing council and Bundesbank president said on Thursday local time that the European Central Bank must remain "cautious" and not rush to cut key interest rates. In his speech, Nagel said that the tightening of the labor market and economic growth may delay the sustained return of euro zone inflation to the central bank's 2% target. He said: "It cannot be taken for granted that prices will return to stability in time. Therefore, we need to exercise caution,...
In a speech in Rome, Bundesbank president Joachim Nagel said it was unclear what limit consumers should hold on potential digital euros. Citing research by ECB economists, Nagel pointed out that holding 3,000 digital euros per person may effectively limit the impact on bank liquidity risks, but the latest Bundesbank research shows that the optimal amount may be between 1,500 and 2,500 digital euros per person. He said that he will carefully study...
Bundesbank: German economy likely to grow in Quarter 1.
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