ECB's Nagel keeps options open for July, September decisions

European Central Bank Governing Council member and Bundesbank President Joachim Nagel stated during Wednesday's European session that he intends to keep all options on the table for the ECB's July and September monetary policy decisions.

Nagel noted that the monetary policy path remains tilted to the upside, pointing to persistent upside risks to inflation. His remarks suggest the ECB is not yet ready to commit to a specific rate path, leaving room for either a hold or a hike depending on incoming data.

Traders will watch for further comments from other ECB officials for clues on the near-term rate outlook. The euro edged slightly higher after the remarks, reflecting some hawkish bias.