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ECB: Nagel Reluctant To Commit To September Rate Cut Vote

ECB
  • "EUROPEAN CENTRAL BANK'S NAGEL IN FAZ NEWSPAPER: THE GREAT WAVE OF INFLATION IS OVER" - Reuters

  • "ECB'S NAGEL SAYS HE WON'T COMMIT IN ADVANCE ON WHETHER HE WILL VOTE FOR INTEREST RATE CUT IN SEPTEMBER" - Reuters

     

  • It compares with this from Aug 29: "A timely return to price stability cannot be taken for granted. Therefore, we need to be careful and must not lower policy rates too quickly."... "We are not there yet. While our 2% target is in sight, we have not reached it"
    Centeno, Patsalides, Kazaks, Mulller, Simkus and Villeroy meanwhile have all recently expressed openess to a September cut, which remains broadly fully priced.
BundesbankEM BulletCentral Bank NewsEuropean Central BankEmerging Market NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
BundesbankEM BulletCentral Bank NewsEuropean Central BankEmerging Market NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

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