Skip to content
Markets
Central Banks

ECB’s Nagel Wants More Hikes, Says German Recession Likely

  • Bundesbank chief won’t put number on September rate increase
  • Joachim Nagel comments in interview with Rheinische Post
A sign in a fashion retail store reads: "Closed until further notice" in Berlin.

A sign in a fashion retail store reads: "Closed until further notice" in Berlin.

Photographer: John MacDougall/AFP/Getty Images

Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

The European Central Bank should continue increasing rates, according to Bundesbank Chief Joachim Nagel, who warned that Germany faces a recession if the energy situation escalates.