ECB's Nagel: Interest rates are at a very good level

ECB's Nagel: Interest rates are at a very good level

• Comments from the ECB policymaker

• Inflation is no longer a major challenge.
• We can react flexibly if necessary.
• Tariff uncertainty is lower but not fully removed.

Nagel delivered similar remarks a couple of weeks ago. The gist of it is that he no longer sees rate cuts as necessary and it will take significant negative reasons to force him to cut further.