ECB’s Nagel Predicts Further Rate Cuts If Inflation Hits Target
The European Central Bank’s (ECB) policymaker Joachim Nagel expressed optimism regarding interest rates. He indicated that the ECB has potential to lower rates more if inflation aligns with its 2% target for the year. In a statement made on Tuesday, Nagel described the outlook for inflation as encouraging. The ECB remains committed to ensuring price stability in the Eurozone, and a drop in inflation would signal a more favorable environment for reducing rates.
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