ECB's Nagel encouraged but warns against 'over-optimism' on inflation target
Tweet
Share
E-mail
FILE PHOTO: President of the Deutsche Bundesbank Joachim Nagel poses for a photograph after speaking on measures to spur growth in the German economy at Humboldt University, Berlin, Germany, March 10, 2025. REUTERS/Liesa Johannssen/File Photo
BERLIN (Reuters) - ECB policymaker Joachim Nagel said on Friday he was encouraged by recent data on inflation in a number of euro zone economies but warned against over-optimism as the European Central Bank works to bring inflation down further to its 2% target.
"The last mile is certainly also the stretch of road where prudence is important," said Nagel, president of Germany's Bundesbank, at an event in Frankfurt.
"There's often a tendency, when you have the goal in front of you and it's within reach, for a kind of over-optimism to set in," he said. "I'd almost like to warn against that."
(Reporting by Rachel More; editing by Matthias Williams)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Anthropic selects Nasdaq for IPO, Business Insider reports
- Turkey detains dozens after sweeping raids targeting LGBTQ+ groups
- Israeli strike kills two people in Gaza, medics say
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!
