Economics

ECB’s Nagel Doesn’t Expect Stagflation, Handelsblatt Reports

No sign of wage-price spiral, Bundesbank president says
Nagel downplays risk of excessive government-bond spreads

Joachim Nagel
Photographer: Martin Leissl

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By Jana Randow and Alexander Weber

March 16, 2022 at 10:09 AM UTC

Updated on

March 16, 2022 at 11:57 AM UTC

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The war in Ukraine is unlikely to result in slow economic expansion alongside surging consumer prices, European Central Bank Governing Council member Joachim Nagel told German newspaper Handelsblatt.