ECB’s Nagel Says He’s Keeping Options Open for Next Two Meetings

European Central Bank Governing Council member Joachim Nagel is keeping an open mind regarding the necessary actions for the next two interest-rate meetings. Speaking at the ECB Forum on Central Banking in Sintra, Portugal, Nagel noted that the geopolitical situation remains uncertain, particularly concerning the Middle East and its potential impact on inflation. Consequently, he emphasized the need to wait, maintaining an adaptive stance that includes the possibility of rate hikes to ensure economic stability.