ECB’s Nagel Sees Hard Landing Avoided Though Growth May Slow
- Bundesbank chief says inflation must be tackled quickly
- Another ECB rate hike is all but certain later this month
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The European Central Bank can get inflation under control without causing severe damage to the economy, according to Governing Council member Joachim Nagel.
Policymakers, who’re in the midst of an historic bout of interest-rate increases, are having to act “relatively quickly” to keep price expectations in check, the Bundesbank president said Monday.