ECB’s Nagel: June cut plausible, not on autopilot afterwards

In a newspaper interview, ECB Governing Council member Joachim Nagel expressed optimism about the current economic outlook, noting that “wage growth is expected to moderate as inflation continues to recede.” He highlighted that recent developments are “heading in the right direction.” Nagel suggested that a first rate reduction in three weeks is “plausible,” provided that […]

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