ECB’s Nagel Says Interest Rates Currently in a ‘Good Place’

Governing Council member Joachim Nagel suggested that he’s comfortable with the European Central Bank’s monetary-policy settings.

“Our projections also suggest that interest rates are currently in a good place,” the Bundesbank president said Monday in a speech in Seoul, echoing what has become the standard line from ECB officials in recent months. “Eurosystem monetary policy is broadly neutral right now.”