Central Banks
ECB’s Nagel Says Euro-Zone Core Inflation Is ‘Still Very Sticky’
- Bundesbank President speaks at event in Montreal on Wednesday
- Officials urge caution after last week’s interest-rate cut
Joachim Nagel
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The euro zone’s underlying consumer price growth is proving stubborn, according to European Central Bank Governing Council member Joachim Nagel.
Speaking at the International Economic Forum of the Americas, the Bundesbank president reiterated that he and his colleagues won’t simply lower borrowing costs automatically, but rather judge conditions at each meeting as it comes.