• ECB’s Nagel: Rates must stay sufficiently high for sufficiently long

Noticias del mercado

21 septiembre 2023

ECB’s Nagel: Rates must stay sufficiently high for sufficiently long

 

European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel commented on the interest rate outlook during his scheduled appearance on Thursday.

Nagel said that “rates must stay sufficiently high for sufficiently long.”

Market reaction

At the time of writing, EUR/USD is trading near 1.0660, attempting recovery from six-month lows, modestly flat on the day.

Enfoque del mercado
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