- ECB’s Nagel: Can't rule significant further rate hikes after March
Market news
24 February 2023
ECB’s Nagel: Can't rule significant further rate hikes after March
European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday, he “can't rule significant further rate hikes after March.”
Additional quotes
“Latest data shows core inflation still too high.”
“ECB must be determined in tightening policy.”
“Can't rule out headline inflation has reached plateau but it's too speculative to say.”
Market reaction
The Euro failed to capitalize on the hawkish remarks. The EUR/USD pair is trading at 1.0588, down 0.05% on the day.
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