European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel a déclaré mercredi qu’une baisse des taux d’intérêt en juin ne serait pas forcément suivie d’une série de baisses de taux.
Services inflation remains high, driven by continued strong wage growth.
Not fully convinced that inflation will actually return to target in a timely, sustained manner.
Given the uncertainty, we cannot pre-commit to a particular rate path.
MARKET REACTION
EUR/USD is easing below 1.0700 despite Nagel’s hawkish comments. The pair is currently trading at 1.0692, losing 0.07% so far.
