• Bloomberg running comments from ECB's Nagel from an earlier Reuters story:
  • Nagel said it would be "fatal" if the ECB were to cut rates too early and inflation to then rebound, adding this would hurt the bank's credibility and stoke financial market volatility.
    • "We have already achieved a lot with policy," Nagel said. "We can’t make any mistakes in the final stretch of the journey.”
    • "We still lack more reliable data on wage developments and confirmation that with these data, we will get inflation back to 2% in 2025," Nagel told Reuters on the sidelines of a G7 meeting. "Next week's projections will be an important milestone.” (Reuters)

ECB: Nagel Says It Would Be 'Fatal' To Ease Early and Have Inflation Rebound

Last updated at:Feb-28 20:17By: Jack Lewis
  • Bloomberg running comments from ECB's Nagel from an earlier Reuters story:
  • Nagel said it would be "fatal" if the ECB were to cut rates too early and inflation to then rebound, adding this would hurt the bank's credibility and stoke financial market volatility.
    • "We have already achieved a lot with policy," Nagel said. "We can’t make any mistakes in the final stretch of the journey.”
    • "We still lack more reliable data on wage developments and confirmation that with these data, we will get inflation back to 2% in 2025," Nagel told Reuters on the sidelines of a G7 meeting. "Next week's projections will be an important milestone.” (Reuters)

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