- ECB’s Nagel: Optimistic that monetary policy is having an impact
Market news
10 May 2023
ECB’s Nagel: Optimistic that monetary policy is having an impact
In an interview with Deutschlandfunk on Wednesday, European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said that he is, “optimistic that monetary policy is having an impact.”
He said that he doesn’t share concerns over German banks.
Further comments
“We might be approaching the final stretch of rate hikes.”
“But we are not done hiking yet.”
“There is still work to be done on core inflation.”
“We are holding the course on monetary policy.”
“Very satisfied with ECB’s monetary policy.”
“Lagarde and I have identical understanding of policy.”
Market reaction
The above comments fail to move a needle around the Euro, as EUR/USD keeps its range to trade +0.09% at around 1.0970.
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