ECB’s Nagel remains cautious on next rate move

The President of the Bundesban Bundanban Joachim Nagil, a tone of measuring on the next road interest rates, said that it was too early to make another decision next month, in reference to the upcoming policy decision of the European Central Bank (ECB).

Main quotes

• It is too early to say whether the European Central Bank will reduce prices again next month.
• The goal of inflation is 2 % in the euro area on hand.
• Inflation can be higher or less than the above.
• Expectations depend on less solid ground than usual.
• I closely watch inflation expectations.
• Germany has seen a lot of commercial front loading in the first quarter.