Free Trial

Nagel Speaks in Favour of Front-Loading Rate Hikes

ECB
  • ECB's Nagel speaks, noting that the ECB must act decisively to preserve credibility; and that the ECB should not delay rate hikes out of fear of a recession. Lastly, Nagel adds that a larger rate hike reduces the risk of expectations getting de-anchored, but the terminal rate remains unclear.
  • Speech seems to underline that Nagel is potentially leaning toward a 75bps move for September, no real surprise given he's the head of the Bundesbank, but does underscore similar sentiment expressed by Vasle, Schnabel and Knot in recent sessions

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.