ECB's Nagel: Current interest rate level is not high in comparison to inflation – by eren_fxstreet ECB CentralBanks
"Wage developments are likely to prolong the prevailing period of high inflation rates," Nagel said in a lecture in Edinburgh. "In other words: Inflation will become more persistent."
"It will be necessary to raise policy rates to sufficiently restrictive levels in order to bring inflation back down to 2% in a timely manner," Nagel further added.failed to capitalize on these hawkish comments and it was last seen losing 0.9% on the day at 1.0733.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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