ECB's Nagel Says Act Decisively If Needed
ECB Governing Council member Joachim Nagel said the central bank should be prepared for decisive monetary policy adjustments if required, without specifying direction.
Joachim Nagel, ECB Governing Council member and President of the Deutsche Bundesbank, stated during European trading hours on Wednesday that the central bank must be ready to act decisively on monetary policy if necessary.
Nagel did not specify whether the adjustments would be tightening or easing, leaving the statement open to interpretation. His remarks come amid ongoing debate among policymakers about the future path of interest rates in the eurozone.
No further details or timing were provided by the official.
Source: FXStreet Forex News