ECB’s Nagel Sees No Arguments to Shift Rates

European Central Bank Governing Council member Joachim Nagel said there are currently no grounds to change interest rates, warning that some inflation components need continued vigilance.

While it’s too early to discuss what will happen with borrowing costs in the months ahead, the Bundesbank chief told CNBC that consumer prices are rising almost in line with the 2% goal, despite “sticky” services inflation.