ECB’s Nagel Says More Rate Hikes May Be on Way If Data Warrant

The European Central Bank is prepared to raise interest rates further if inflation proves more stubborn than thought, Governing Council member Joachim Nagel told Central Banking in an interview.

“We have done a lot by implementing 10 hikes so far,” he was quoted as saying. “Maybe more will be on the way if the data indicate that further action is warranted.”