- Analytics
- News and Tools
- Market News
- ECB's Nagel: Rates must rise, unconventional measures should be unwound
ECB's Nagel: Rates must rise, unconventional measures should be unwound
The European Central Bank (ECB) must continue to hike rates and halt bond purchases once their job is done, European Central Bank (ECB) Governing Council member and German central bank head Joachim Nagel said on Friday, per Reuters.
"The fight against inflation comes with burdens," Nagel added. "It is likely to dampen growth temporarily but doing nothing and letting things run their course is not an option."
Market reaction
EUR/USD showed no immediate reaction to these comments and was last seen losing 1.2% on the day at 0.9720.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
