(Reuters) – Underlying inflation in the euro zone remains sticky and monetary policy needs to be more stubborn than price growth, Bundesbank President Joachim Nagel told Bloomberg TV on Thursday.
Nagel said he has yet to make up his mind about the September policy decision but he considers inflation far too high while a recession is still not on the cards.
(Reporting by Balazs Koranyi; Editing by Chris Reese)