Central Banks

ECB’s Nagel and the endgame: Near terminal rate, stable for now

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  • View on Terminal Rate:

    • Nagel believes the ECB is close to a level considered as the terminal rate.
    • Uncertain if the ECB will implement further rate increases.

  • Expectation for ECB Rates:

    • He anticipates that the ECB rates will remain stable for some time.
    • There is no concern that the ECB is moving toward a hard landing

  • Comments on Inflation:

    • Describes inflation as a “greedy beast.”
    • Acknowledges the existence of some risk factors that could potentially trigger inflation.
    • We will get to our 2% inflation target in the end.

This article was written by Greg Michalowski at www.forexlive.com. Source