ECB's Nagel: Decisive ECB rate hikes are neede

Market news

26 September 2022

ECB's Nagel: Decisive ECB rate hikes are neede

European Central Bank (ECB) Governing Council member and German central bank head Joachim Nagel said on Monday that decisive rate hikes are needed amid rising risks of inflation expectations getting de-anchored.

"The risk that long-term expectations get de-anchored remains high," Nagel explained. "Further decisive action is required to bring the inflation rate down to 2% in the medium term."

Market reaction

The EUR/USD pair showed no immediate reaction to these comments and it was last seen losing 0.7% on the day at 0.9625.

Currencies. Daily history for Monday, September 26, 2022

Commodities. Daily history for Friday, September 23, 2022

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