Bundesbank President Joachim Nagel said he supports a more rapid reversal of the European Central Bank’s bond-buying to help tackle inflation, with more large interest-rate increases also a possibility beyond a planned hike this month.
Nagel, a member of the ECB’s Governing Council, warned that underlying price pressures remain very elevated and that the inflation rate is only likely to retreat slowly — averaging between 6% and 7% in Germany this year.
