Further European rate hikes 'very much dependent' on energy costs, Bundesbank chief said
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Joachim Nagel, Bundesbank chief, stated that future European interest rate hikes will largely depend on the evolution of energy prices. This signals cautious monetary policy adjustments amid volatile energy markets impacting inflation and growth.
Joachim Nagel told CNBC that a potential move in rates into restrictive territory was "very much dependent on how the energy prices evolve."
Politics Markets Commodities Energy Bundesbank interest rates energy prices European economy Joachim Nagel monetary policy