European Central Bank Governing Council Nagel: In favor of a gradual and cautious approach to interest rate cuts.
Mr. Nagel, the European Central Bank's governing body, said on Wednesday that the central bank could cut interest rates again next week but that easing should be gradual and cautious. "Given that the process of falling inflation has largely proceeded as currently expected, at this stage I would not object if we continued to lower the policy rate," Mr. Nagel said on Wednesday. "But I will reserve my final judgment and will make my decision after reviewing the new macroeconomic forecasts for Decem...
European Central Bank Governing Council Nagel: The December meeting will adopt a wait-and-see attitude.
European Central Bank Governing Council Nagel: Good progress towards achieving the inflation target. Inflation is expected to reach 2% by the end of next year.
Mr. Nagel, the ECB's governing council member, said he was well on his way to meeting his inflation target, which is expected to reach 2 per cent by the end of next year.
ECB Governing Council Member Nagel: We need to be careful not to lower policy rates too quickly.