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ECB's Nagel says bank will act decisively to tame inflation

Bloomberg ·
ECB's Nagel says bank will act decisively to tame inflation
  • Governing Council member Joachim Nagel says the ECB will take decisive action if needed to bring inflation back to target.
  • Consumer-price growth has picked up again, with higher energy costs a major contributing factor.
  • Nagel says it cannot be ruled out that prices will continue to rise in the coming weeks.

Quotes

“The European Central Bank will take decisive action if needed to bring inflation back to target”— Joachim Nagel
“Consumer-price growth has picked up again”— Joachim Nagel

Sources