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ECB: Nagel, further significant rate hikes needed


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

(ANSA) - ROME, FEBRUARY 07 - More "significant" rises in interest rates are needed.

This was stated by the president of the Bundesbank, Joachim Nagel, in an interview with the Boersen Zeitung - reported by Bloomberg - warning that in order to counter 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

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