ICYMI – ECB big gun Nagel says may be more rate hikes on the way if data indicates a need

Joachim Nagel is president of the Deutsche Bundesbank and thus a key member of the Governing Council of the European Central Bank.

Comments of his hit the new wires on Thursday:

• “We have done a lot by implementing 10 hikes so far,”
• “Maybe more will be on the way if the data indicate that further action is warranted.”

The comments were from an interview given a couple of weeks again but were trotted out overnight. German inflation was in the news:

• Germany September preliminary CPI +4.5% vs +4.6% y/y expected

As head of the Buba Nagel is a hawk. Its compulsory for a Buba head.

This article was written by Eamonn Sheridan at www.forexlive.com. Source