News list for " Nagel"
The ECB could cut interest rates again next week, but easing should be gradual and cautious, Mr. Nagel said on Wednesday. "Given that the inflation pullback is largely proceeding as currently expected, at this stage I would not object if we continued to lower policy rates," Mr. Nagel said on Wednesday. "But I will reserve my final judgment and will make my decision after reviewing the new macroeconomic forecasts for December and considering the risks around the baseline."
Joachim Nagel, ECB governor and president of Germany's Bundesbank, told reporters at the annual meeting of the international monetary fund in Washington that "we think the 2 percent inflation target could be reached sooner than we think in 2025." The ECB has cut interest rates three times since June, and markets and economists expect further cuts in the future. Nagel warned against speculation about next steps, saying "we should not consider further rate cuts too hastily."
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...
