Nagel: No objection to a rate cut next week

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."