ECB’s Nagel Says It’s ‘Certainly Too Soon to Stop Raising Rates’
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European Central Bank Governing Council member Joachim Nagel said it’s definitely too early to call time on the euro zone’s most aggressive bout of monetary tightening.
“We are not pre-committed to future rate hikes, but we are committed to delivering price stability,” the Bundesbank president said Friday in a speech in Washington. “Thus, it’s certainly far too early to stop raising rates or even think about lowering them.”