Nagel Signals ECB Rate Hikes Are Increasingly Likely
Joachim Nagel says ECB rate hikes are more likely as inflation risks rise. High energy prices and supply disruptions could keep inflation high for longer.
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Bundesbank President Joachim Nagel said interest rate hikes are increasingly likely unless the inflation outlook improves fundamentally. The ECB debated a move last month as energy costs pushed inflation toward a 4.2% adverse scenario. Investors now face a shift from the ECB's two-hike baseline toward the three hikes currently priced by markets.
