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In the annual report from Bundesbank, ECB Governing Council member Joachim Nagel emphasized the importance of caution and patience. “Even though it may be very tempting, it is too early to cut interest rates. This is because the price outlook is not yet clear enough,” Nagel stated. Furthermore, Nagel’s call for perseverance reflects an understanding […]

The post ECB’s Nagel: Rate cut may be tempting, but it’s not time yet appeared first on Action Forex.

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