ECB’s Nagel: Central bank should hike interest rates further to combat inflation
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European Central Bank (ECB) policymaker and Germany’s central bank head Joachim Nagel said on Thursday, the central bank “should not refrain from further hike rates, we have to bring inflation down in the mid-term.”
EUR/USD is holding the lower ground, as investors assess the ECB commentary amid a broadly stronger US dollar. The pair is trading 0.50% lower on the day at 0.9765, at the time of writing.
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