ECB’s Nagel says too early to discuss cutting rates
FRANKFURT (Reuters) – It is too early for the European Central Bank to discuss cutting interest rates because inflation remains high, ECB policymaker Joachim Nagel said on Monday. The Bundesbank president, a…
ECB’s Nagel: rates at peak or close, rules out hard landing
MILAN (Reuters) – Euro zone interest rates are close to their peak in the current cycle or may have already reached it, European Central Bank Governing Council member Joachim Nagel said on…
Inflation has peaked in Germany – Bundesbank’s Nagel
MARRAKESH (Reuters) – Inflation in Germany is on a downward trajectory, Bundesbank President Joachim Nagel said on Friday on the sidelines of an International Monetary Fund meeting in Marrakesh. “It seems we…
ECB’s Nagel says inflation not falling at desired pace
FRANKFURT (Reuters) – Inflation in the euro zone is not falling “at the desired pace” and it is therefore too early to say whether or not the European Central Bank will need…
Mediobanca readies share buyback as CEO Nagel seeks new 3y term
By Gianluca Semeraro MILAN (Reuters) -Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in the new fiscal year, as its Chief…
ECB needs several more rate hikes, Bundesbank chief Nagel says
FRANKFURT (Reuters) – The European Central Bank will need to raise interest rates “several” more times and then must hold rates steady for some time before inflation is fully tamed, Bundesbank President…
Euro zone inflation could get stuck above target: ECB’s Nagel
WASHINGTON (Reuters) – The European Central Bank needs to keep raising interest rates even if most of its past hikes have yet to feed through to the economy, as rapid price growth…
Core inflation to start improving before summer break – ECB’s Nagel
WASHINGTON (Reuters) – Core inflation rates in the euro zone will begin improving in the coming months, but the European Central Bank still has a way to go with monetary policy, ECB…
ECB may need big rates hikes beyond March, steeper QT from July, Nagel says
FRANKFURT (Reuters) – The European Central Bank may need significant rate hikes beyond March and should accelerate the rundown of its oversized bond portfolio to fight stubbornly high inflation, Bundesbank President Joachim…
ECB’s Nagel, Makhlouf flag interest rate rises beyond March
By Padraic Halpin DUBLIN (Reuters) -European Central Bank policymakers Joachim Nagel and Gabriel Makhlouf said on Wednesday they would not be surprised if interest rate increases continue into the second quarter after…
ECB’s Nagel pleads with Germans for patience in combating inflation
BERLIN (Reuters) – Bundesbank President Joachim Nagel asked the German public for patience in bringing down inflation, warning in an interview with broadcaster N-TV on Thursday that the impact of rate rises…
ECB’s Nagel opens door to smaller hikes but sees long way to go
FRANKFURT (Reuters) – Bundesbank President Joachim Nagel opened the door on Tuesday to smaller interest rate increases by the European Central Bank but said there was still a long way to go…
ECB must raise rates decisively; let bonds expire from start of 2023, Nagel says
FRANKFURT (Reuters) – The European Central Bank must continue to raise interest rates decisively and should start letting its oversized holding of government debt expire from the start of 2023, Bundesbank President…
ECB should hike interest rates further to combat inflation, Nagel says
MADRID (Reuters) – The European Central Bank should hike interest further to bring inflation back under control, policymaker Joachim Nagel said on Thursday. “The ECB should not refrain from further hike rates,…
ECB will have to reduce bond holdings in foreseeable future, Nagel says
BERLIN (Reuters) – The European Central Bank will have to reduce its bond holdings in the foreseeable future and the next ECB meetings must send out clear signals that inflation will be…
ECB must act decisively; recession fears should not constrain policy -Nagel
(Reuters) – The European Central Bank must act decisively to contain inflation, Bundesbank chief Joachim Nagel said on Tuesday, joining a chorus of policymakers calling for another big interest rate hike next…
ECB should model new bond scheme on old one, Nagel says
FRANKFURT – The European Central Bank should model its upcoming bond-buying scheme, aimed at capping borrowing costs for Italy and other indebted countries, on the one it announced during the debt crisis,…
ECB doesn’t need spread-fighting tool right now, Nagel says
ELTVILLE AM MAIN, Germany – The European Central Bank does not need at present to come up with a new tool to keep bond spreads in check and should instead focus on…
Kuehne + Nagel results ride demand wave despite stagnant volumes
By Alexander Kloss and Ana CanteroRos (Reuters) -Swiss logistics group Kuehne + Nagel reported on Tuesday a 162% surge in its first-quarter net earnings, citing strong demand for capital and consumer goods.…
ECB should keep 2022 rate hike on agenda, if inflation warrants it -Nagel
FRANKFURT – The European Central Bank should continue to normalize policy and raise interest rates, possibly as soon as this year, if the inflation outlook warrants it, Bundesbank President Joachim Nagel said…
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