ECB’s Nagel: Optimistic that monetary policy is having an impact
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In an interview with Deutschlandfunk on Wednesday, European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said that he is, “optimistic that monetary policy is having an impact.”
He said that he doesn’t share concerns over German banks.
“We might be approaching the final stretch of rate hikes.”
“But we are not done hiking yet.”
“There is still work to be done on core inflation.”
“We are holding the course on monetary policy.”
The above comments fail to move a needle around the Euro, as EUR/USD keeps its range to trade +0.09% at around 1.0970.
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