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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."
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...
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