- ECB’s Nagel: Too early to cut rates even if a move appears tempting to some
Market news
23 February 2024
ECB’s Nagel: Too early to cut rates even if a move appears tempting to some
European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday, it is “too early to cut rates even if a move appears tempting to some. “
Additional comments
Will only get key price pressure data in Q2, then we can contemplate a cut in interest rates.
Price outlook is not yet clear enough.
period of rapid inflation drops over, some setbacks ahead possible.
Inflation, including 'hard core' will remain markedly higher than 2% in coming months.
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