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](https://images.forexlive.com/images/ECB%27s%20Nagel_id_93fae68c-958f-41b0-a08f-d35ff7c2a3d9_size900.jpg)
ECB’s Nagel
This article was written by Eamonn Sheridan at www.forexlive.com. Source