Central Banks
ECB Must Be Cautious on Next Rate Steps, Nagel and Escriva Say
This article is for subscribers only.
The European Central Bank must be careful in deciding on its next interest-rate moves given high uncertainty about President Donald Trump’s economic policies, according to two Governing Council members.
In a joint interview published Monday in Sueddeutsche Zeitung and El Mundo, Germany’s Joachim Nagel and Spain’s Jose Luis Escriva highlighted the challenges posed by the new US administration, including the difficulties in setting monetary policy in the euro zone.