FRANKFURT (Reuters) – The European Central Bank needs more, big interest rate increases to bring inflation back to 2% but it should proceed one step at a time given the prevailing uncertainty, ECB policymaker Joachim Nagel told a German daily.
“From where I stand today we need further, significant rate hikes,” the president of the Bundesbank told Boersen-Zeitung. “But I find it right that we proceed step by step.”
(Reporting By Francesco Canepa; Editing by Frank Jack Daniel)
