ECB's Nagel says interest rates may soon go up
Tweet
Share
E-mail
FILE PHOTO: German Bundesbank President Joachim Nagel is seen after receiving his certificate of appointment from German President Frank-Walter Steinmeier, in Berlin, Germany, January 7, 2022. Britta Pedersen/Pool via REUTERS
FRANKFURT (Reuters) - Inflation in the euro zone is high and the European Central Bank may soon need to raise interest rates as a result, Bundesbank President Joachim Nagel told broadcaster ARD's "plusminus" business magazine on Wednesday.
"What we are seeing at the moment suggests that savers may soon be able to look forward to higher interest rates again," Nagel said, according to the transcript of the broadcast.
(Reporting by Balazs Koranyi; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Putin says Ukraine opened 'Pandora's box' with strikes on economic targets
- Hit by Trump tariffs, Quebec loses appetite for quick separation from Canada
- Imran Khan's party seeks contempt action over jailed leader's hospital move
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
