HomeLive CommentsBundesbank Nagel: Stopping tightening too early is a cardinal error

Bundesbank Nagel: Stopping tightening too early is a cardinal error

Bundesbank President Joachim Nagel said, “What seems distinctive to me is that core inflation will remain at a very high level beyond March.”

“That’s why I don’t rule out that further significant interest rate hikes beyond March will be necessary,: he added.

Nagel also said ECB’s interest rate is not restrictive yet. He warned that stopping tightening too early would be a “cardinal error.”

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