Central Banks
Nagel Says Markets Now Better Understand ECB’s Inflation Task
- Investors have been overly optimistc in the past, he says
- Bundesbank president speaks in Bloomberg TV interview
This article is for subscribers only.
European Central Bank Governing Council member Joachim Nagel said investors are getting a better understanding of the challenge in returning inflation to the 2% target.
While declining to speculate on how high the ECB will raise rates, the Bundesbank president told Bloomberg Television investors have at times had too sanguine a view of what’s needed to tackle the euro era’s worst-ever spike in prices.