- ECB’s Nagel: Meeting-by-meeting approach is the right path for the ECB
Market news
11 May 2023
ECB’s Nagel: Meeting-by-meeting approach is the right path for the ECB
European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel reaffirmed on Thursday, the “meeting-by-meeting approach is the right path for the ECB.”
Additional quotes
“Nothing is off the table in the September meeting.”
“We're moving closer to restrictive territory but not there yet.”
“Need at least a year-and-a-half to see core inflation closer to 2%.”
Market reaction
EUR/USD is seeing some fresh selling pressure, as Nagel dismisses reports of ECB rate hikes likely to continue in September. The pair is losing 0.11% on the day to trade at 1.0969, as of writing.
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