HomeEconomyBundesbank's Nagel: Despite recession risks, further clarity on interest rate measures is... Economy Bundesbank's Nagel: Despite recession risks, further clarity on interest rate measures is needed By inew September 12, 2022 0 85 views Share FacebookTwitterPinterestWhatsApp EUR /USD +1.% Add to Watchlist/Remove from Watchlist Add to watch list Add location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1 : 45 1: 200 1: 45 1: 50 1: 100 Committee: 0162 0162 create a new watchlist create0162100 200 Create a New Holding Portfolio Add Create 1000162 400 + add another closing position Author: Jeffrey Smith Investing.com — ECB may need records like last week Take more aggressive action that way 05 basis points 0162 interest rate rate hike, the head of the Bundesbank said in an interview on Monday. “Thursday’s move is a clear sign that further clear steps must be taken if inflation remains unchanged. ,” Deutsche Bundesbank President Joachim Nagel said in an interview with Deutsche Radio, adding: “Even in the near future.” Nagel says down 75 Inflation – he said the origins of energy prices have greatly expanded – must be prioritized, Even with the risk of a recession. “It can’t be ruled out that we see lower growth rates … we could be in a recession. It probably is,” Nagel believes. “But in essence, stable prices are ultimately more important for medium- to long-term growth and a good outlook for the euro area.” last week The updated ECB forecast still assumes no recession in the euro zone, although energy rationing seems inevitable this winter amid a dramatic turnaround in the Ukrainian war over the weekend, with Ukrainian troops recapturing around 3 men, square kilometers of Russian territory. “We may have to go through a period of downtime, but it looks like this fallow period and economic output won’t be as strong, ‘ Nagel said. His words were echoed by ECB vice-president Luis de Guindos was quoted by the news agency as saying at a meeting in Spain on Monday , even if the euro area does experience a recession, it will not be as sharp as it was a decade ago. He still sees “very low growth, but no recession” as the more likely outcome. This75 The euro rose on Monday morning comments, also benefiting from gains on the Ukrainian battlefield Hopes that the end of the war could be hastened have grown. go through: Eastern Time (: GMT), single currency test $1. 11,three the highest level in a week, before falling back to $1. , on the same day Still up 1.2%. also backed the euro. A report in the Financial Times over the weekend said the ECB would be at an upcoming meeting. On discussing how to reduce its huge bond portfolio, only a few months later ended net purchases. Share FacebookTwitterPinterestWhatsApp Previous articleGoPro Hero11 Mini detailed: As powerful as the Hero11 Black, but without the displayNext articleYummy Party Front – Episode 27 inewhttps://inew.news RELATED ARTICLES Economy U.S. clamps down on sensitive export requests to China May 31, 2023 Economy NZ-UK free trade deal starts to benefit exporters – NZ PM May 30, 2023 Economy Debt bill looks to further raise cost of insuring U.S. defaulted contracts May 30, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS MLB star apologizes after urging boycott of Target, Bud Light for trans campaign May 31, 2023 FDA updates warning for all stimulants for ADHD, other conditions May 31, 2023 TCL showcases cutting-edge screens at Display Week, including 57-inch 8K high-refresh monitor May 31, 2023 The Heat eliminated the Celtics in Game 7, Jimmy Butler won the ECF MVP | Talk May 31, 2023 Load more Featured NEWS Kamaru Usman makes statement after knocking out Leon Edwards at UFC 278 August 21, 2022 What Everyone Should Know About Peyronie's Disease August 16, 2022 Realme 10 Pro+ display specs confirmed, drags 61-degree side curvature November 10, 2022 Tecno Camon 20, 20 Pro 5G and 20 Pro Premier debut in India May 28, 2023 Load more
