• ECB’s Nagel: Rate hikes are not necessarily over

Noticias del mercado

28 noviembre 2023

ECB’s Nagel: Rate hikes are not necessarily over

European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Tuesday, “rate hikes are not necessarily over. “

Additional comments

Would have to hike again if inflation outlook worsened.

Premature to discuss about rate cuts, would prefer to err on the side of caution.

Inflation outlook is encouraging but core inflation dynamics continue to be strong.

It's too early to declare victory over inflation.

The large ECB balance sheet must shrink significantly.

Market reaction

At the time of writing, EUR/USD is trading 0.13% lower on the day at 1.0939, unfazed by the above comments.

Enfoque del mercado
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 disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: