European Central Bank Governing Council member Joachim Nagel said policymakers had kept all options open for July and stood ready to respond again if needed.
According to Jin10, Nagel said an interest-rate increase was necessary because the indirect impact of high energy prices on other prices was increasingly intensifying.
European Central Bank’s Nagel Says July Options Remain Open as Energy Costs Lift Inflation Pressures
2026-06-12 05:04:13
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