ECB Policymaker Nagel: It’s Too Early To Talk About Interest Rate Cuts

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European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Thursday that “it is too early to talk about cutting interest rates.

Additional comments
Interest rates must remain high to bring inflation back to target.

We still don’t know for sure whether interest rates have peaked.

The inflation target is within sight, but not yet reached.

Inflation is still likely to rise in the coming months.

I don’t think the Eurozone economy will have a hard landing.

At press time, EUR/USD was up 0.22% on the day at 1.0910.