Joachim Nagel

Nagel keeps ECB hikes open as inflation confirmed at 3.8%

Bundesbank President Joachim Nagel said on Friday, October 16, that further interest rate hikes remain possible. He spoke on the same day Eurostat confirmed that eurozone inflation reached 3.8% in September. That is up from 3.2% in August and the…

Nagel says ECB targets inflation, not French bond spreads

Consumer prices in the euro zone's largest economies rose faster than expected in September as energy costs from the Iran war kept climbing. The figures have increased pressure on the European Central Bank to raise interest rates a third time…

Germany weighs Nagel nomination as ECB succession race narrows

The contest to lead the European Central Bank entered a new phase this week as the Netherlands officially endorsed former Dutch central bank chief Klaas Knot for the presidency, while Germany's government began coalition discussions about nominating Bundesbank President Joachim…

Bundesbank’s Nagel backs ECB readiness for September hike

The European Central Bank is well-positioned to respond to surging energy prices but should not rush into a rate decision before its September meeting, Bundesbank President Joachim Nagel said on Friday, a day after the central bank held rates steady…

ECB’s Nagel says it’s ‘too early’ to call for more rate hikes

Bundesbank President Joachim Nagel said it is "too early" to commit to further interest rate increases, even as he warned that the energy price shock from the Middle East conflict remains embedded in the euro zone economy and will keep…