ECB’s Nagel: ECB isn't on autopilot on interest-rate cuts

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ECB’s Nagel: ECB isn't on autopilot on interest-rate cuts
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European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday that “the ECB isn't on autopilot on interest-rate cuts.” Further comments Inflation is proving to be stubborn, especially in the case of services.

European Central Bank policymaker and Bundesbank Chief Joachim Nagel said on Friday that “the ECB isn't on autopilot on interest-rate cuts.” Further comments Inflation is proving to be stubborn, especially in the case of services. Negotiated wages are expected to rise particularly sharply this year and continue to see strong growth thereafter. Private consumption is to gradually pick up and exports are to improve from H2.

05% -0.14% -0.01% -0.13% -0.00% -0.02% EUR 0.04% 0.00% -0.12% 0.03% -0.08% 0.10% 0.02% GBP 0.05% -0.00% -0.12% 0.02% -0.09% 0.09% 0.00% JPY 0.14% 0.12% 0.12% 0.14% 0.01% 0.16% 0.14% CAD 0.01% -0.03% -0.02% -0.14% -0.12% 0.07% -0.01% AUD 0.13% 0.08% 0.09% -0.01% 0.12% 0.18% 0.10% NZD 0.00% -0.10% -0.09% -0.16% -0.07% -0.18% -0.07% CHF 0.02% -0.02% -0.01% -0.14% 0.01% -0.10% 0.07% The heat map shows percentage changes of major currencies against each other.

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