Central Banks
Nagel Says ECB Close to Peak Rate, Can’t Exclude Another Move
- Still sees risks that might tigger another round of inflation
- Bundesbank president speaks at student event in Milan
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Bundesbank President Joachim Nagel said the European Central Bank is near peak for its borrowing costs, though another bout of inflation may require more tightening.
“I do believe we are close to that level we see as the terminal rate,” Germany’s top monetary policy official told students in Milan on Wednesday. “I think rates will stay where they are for a while.”