. added "In any case, the board of directors should not be diluted European Central Bank very soon" monetary tightening.
continued "Because we have to make sure that high inflation stops". The interest rate was 10 percent in September Euro-zone.
In July, the European Central Bank began to abruptly tighten interest rates as part of its primary mission of ensuring price stability.
He considered that the slowdown of the economy in the euro area in the context of the energy crisis related to the war in Ukraine will not be able to curb inflation sufficiently.
The next meeting of the European Central Bank’s Board of Governors scheduled for October 27 might lead to a new 75 basis point hike in key interest rates as happened in September, eurozone bankers and observers say.
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Nagel stated in a speech in Washington and published German central bank: “In my opinion, an additional interest rate hike will be necessary in order to return inflation (to a target) of 2 percent in the medium term, and not only at the monetary policy meeting at the end of October.”
“In any case, the board of directors should not be diluted,” he added European Central Bank very soon” his monetary tightening.
“Because we have to make sure that high inflation stops,” he added. The interest rate was 10% in September Euro-zone.
In July, the European Central Bank began to abruptly tighten interest rates as part of its primary mission of ensuring price stability.
He considered that the slowdown of the economy in the euro area in the context of the energy crisis related to the war in Ukraine will not be able to curb inflation sufficiently.
The next meeting of the European Central Bank’s Board of Governors scheduled for October 27 might lead to a new 75 basis point hike in key interest rates as happened in September, eurozone bankers and observers say.
