ECB’s Nagel: Interest rates must rise further

  • Too early to say how far
  • Wary of proclaiming a new era of high interest rates
  • Price stability won’t come about by itself

While hawkish, it’s a bit of a vague one as this perhaps leaves the door open for September but doesn’t explicitly confirm it. That said, it’s not good form for him to break rank I guess.

This article was written by Justin Low at Source