ECB’s Nagel: Too early to cut rates even if a move appears tempting to some

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday, it is “too early to cut rates even if a move appears tempting to some. “

Additional comments

Will only get key price pressure data in Q2, then we can contemplate a cut in interest rates.

Price outlook is not yet clear enough.

period of rapid inflation drops over, some setbacks ahead possible.

Inflation, including 'hard core' will remain markedly higher than 2% in coming months.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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