- ECB’s Nagel: Interest rates must rise further
Market news
5 July 2023
ECB’s Nagel: Interest rates must rise further
European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Wednesday, “interest rates must rise further,” adding that it is “too early to say how far.”
He said further that he is “wary of proclaiming a new era of high-interest rates.”
Market reaction
EUR/USD was last seen trading at 1.0901, up 0.24% on the day.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page