Deutsche Bundesbank President Joachim Nagel said on May 9 that interest rates in the euro zone should be higher.
“We’re not done yet: interest rates should rise further,” he said in the interview.
The European Central Bank (ECB) raised interest rates by 25 basis points to 3.25% on 4 May. It was the smallest rate hike in the agency’s tightening cycle that began in July.
ECB President Christine Lagarde admits lower rate hikes are partly due to