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ICYMI - ECB's Nagel urges decisive policy action, reduce risk of unanchoring

ICYMI - ECB's Nagel urges decisive policy action, reduce risk of unanchoring

Bundesbank (Germany's central bank) head, and thus a key member of the European Central Bank Governing Council, Joakim Nagel in a speech, report via Reuters overnight:

  • "Decisive monetary policy action is necessary to reduce the risk of an unanchoring of long-term inflation expectations"

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Data show that forecasts by analysts and investors for inflation in the euro area from 2025 forwards are at or just over 2%. That is, at present these are anchored.

Nage... Read More

Posted: Feb 9 2023, 22:53
Author Name: forexlive
Views: 110697

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