2026-06-29

Added 2026-07-01 · Updated 2026-07-09

Joachim Nagel: Inflation Likely to Stay Elevated Amid Opaque Outlook

Bundesbank President Joachim Nagel stated that euro area inflation will likely remain significantly above target due to geopolitical tensions affecting energy prices. He emphasized the need for cautious, data-driven monetary policy while welcoming structural reforms to strengthen European capital markets. Nagel also highlighted the importance of stable public finances and geopolitical stability for supporting investment and economic certainty.

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