ECB’s Nagel Sees Little Alternative to December Hike as Inflation Risks Worsen

Bundesbank President Joachim Nagel strengthened expectations for another ECB rate hike in December, arguing that the deterioration in the inflation outlook leaves policymakers with few alternatives. Speaking in Berlin on Tuesday, Nagel said, “From today’s perspective, an interest rate hike in December is very likely necessary,” adding that “there seems to be little alternative to […] The post ECB’s Nagel Sees Little Alternative to December Hike as Inflation Risks Worsen appeared first on ActionForex.