Free Trial

Nagel Says It Would Be 'Fatal' To Ease Early and Have Inflation Rebound

ECB
  • Bloomberg running comments from ECB's Nagel from an earlier Reuters story:
  • Nagel said it would be "fatal" if the ECB were to cut rates too early and inflation to then rebound, adding this would hurt the bank's credibility and stoke financial market volatility.
    • "We have already achieved a lot with policy," Nagel said. "We can’t make any mistakes in the final stretch of the journey.”
    • "We still lack more reliable data on wage developments and confirmation that with these data, we will get inflation back to 2% in 2025," Nagel told Reuters on the sidelines of a G7 meeting. "Next week's projections will be an important milestone.” (Reuters)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.