ECB’s Nagel Warns Against Rushing Rate Cuts, Platow Reports

The European Central Bank is right to be cautious in cutting interest rates considering heightened uncertainty and lingering inflation risks, Governing Council member Joachim Nagel told Platow Brief.

“We shouldn’t be too hasty in our efforts to normalize monetary policy,” Nagel was quoted as saying. “A careful approach is appropriate given high uncertainty. Inflation is currently still elevated. Services prices in particular continue to rise dynamically.”