Central Banks
ECB’s Nagel Sees Euro-Area Inflation on Right Track, FAZ Says
- ‘We must remain vigilant,’ Bundesbank president says
- Policymakers are weighing second interest-rate cut next week
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The European Central Bank mustn’t declare victory over inflation too soon — even if the retreat in consumer-price growth may allow another interest-rate cut next week, according to Governing Council member Joachim Nagel.
Although inflation is heading to the 2% target, “we shouldn’t prematurely burst into cheers and pat ourselves on the back,” the Bundesbank president told FAZ in an interview published Tuesday. “We haven’t reached our goal yet.”