The European Central Bank must act decisively to contain inflation, Bundesbank chief Joachim Nagel said on Tuesday, following other officials who have called for a big rate hike next week, Reuters reports. The ECB raised interest rates by 50 basis points last month, and the only real question heading into September seems to be whether […]
Tag: Joachim Nagel
G. Nagel: The ECB should model the new bond purchase scheme based on the OMT
The European Central Bank should model its upcoming bond-buying plan, aimed at curbing borrowing costs for Italy and other heavily indebted countries, on what it announced during the debt crisis, the ECB member said on Monday. , Joachim Nagel. “The design should be based on the experience of the OMT (Outright Monetary Transactions) program,” Nagel […]
Reuters: The Bundesbank reacts to the ECB’s plan to support the countries of the South
Bundesbank President Joachim Nagel hit back at the European Central Bank’s promise to offer fresh support to heavily indebted southern countries at last month’s emergency meeting, rekindling the rift between the ECB and its biggest shareholder, sources told Reuters. ECB policymakers pledged to buy more bonds from indebted countries at an unscheduled meeting on June […]
G. Nagel (ECB): The ‘journey’ of interest rate hike has just begun
The “journey” of interest rate hikes by the European Central Bank has just begun, ECB member Joachim Nagel said on Friday, adding that how fast the central bank will move will be determined by financial data. “How fast or fast we move will depend on how the data evolves,” Nagel said during a student event. […]
Nagel (President of the Bundesbank): Soon after June, the first interest rate increase by the ECB in 10 years
The European Central Bank will soon raise its key interest rate for the first time in more than 10 years, a member of the Board told CNBC. of the central bank of the euro area Member States. “We are on the right track,” said Joachim Nagel, chairman of the German Federal Reserve (Bundesbank) and one […]
Nagel warns that the ECB’s scope for action is narrowing
Bundesbank President Joachim Nagel today urged his colleagues at the European Central Bank to raise interest rates in the face of persistently high inflation. “The window of opportunity for the first monetary policy action is slowly closing and we need to see what we can do this year,” Nagel told a news conference, according to […]
Nagel (Bundesbank): We should not postpone interest rate hikes
The European Central Bank should not postpone raising interest rates from their record lows if inflation so requires and the central bank may be able to do so in 2022, according to the board member. Joachim Nagel. “If the ECB finishes bond purchases as planned in the third quarter,” this offers the opportunity to raise […]
The ECB could raise interest rates this year, says the new head of the Bundesbank
LAST UPDATE 13:15 The European Central Bank could raise interest rates this year as inflation turns out to be higher than originally estimated, Bundesbank President Joachim Nagel said in an interview with Die Zeit. “If the image [στον πληθωρισμό] “It will not change until March. I will support the normalization of monetary policy,” said Nagel, […]
Nagel (Bundesbank): Inflation could be higher than the ECB expects
The rise in inflation in the eurozone is not entirely temporary and the risks are expected to outweigh the estimates, said the new chairman of the Bundesbank, Joachim Nagel, challenging the ECB’s account of price pressures. The remarks, made at his inauguration, are Nagel’s first as head of the German central bank, which has traditionally […]