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ECB: Nagel, further significant rate hikes needed


More "significant" interest rate hikes are needed. (HANDLE)

More "significant" interest rate hikes are needed.

This was stated by the president of the Bundesbank, Joachim Nagel, in an interview, warning that to combat inflation, the increases in the cost of money must not be stopped too soon.

Indeed, Nagel made it clear that the ECB's intention to raise rates by 50 basis points next month is "a strong commitment" and that he does not believe that "with this rate hike in March our work is over".

Source: ansa

All life articles on 2023-02-07

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