ECB’s Nagel says inflation is slowing, but its not yet at level desired by the Bank

Germany’s Bundesbank President (and European Central Bank Governing Council member) Nagel spoke at a youth event in Frankfurt on Saturday. He spoke mainly on German fiscal matters but did add, on the European Central Bank:

  • that the Bank’s rate hikes were impacting on the economy, slowing inflation
  • but that inflation is not yet back down to a level where the ECB wants it
ECB's Nagel
ECB’s Nagel

This article was written by Eamonn Sheridan at Source