ECB’s Nagel: Rates must be sufficiently high for sufficiently long

  • Inflation has now fallen significantly but it is still too high
  • We must not let up too soon, rates must be sufficiently high for long time
  • It is not yet possible to say if rates have reached their peak
  • There are several upside risks to inflation
  • Inflation has proven stubborn

This article was written by Adam Button at www.forexlive.com. Source