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ECB’S NAGEL: JUNE RATE CUT NOT NECESSARILY FOLLOWED UP BY A SERIES OF RATE CUTS

guntur360
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European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Wednesday that a June interest rate cut may not be necessarily followed up by a series of rate cuts.

Additional comments

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.


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