ECB’s Nagel: It is not sensible to signal either pause or rate cut for the time being

European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel is delivering a speech titled "Goal achieved - no reason to give up" in Frankfurt, Germany, on Monday.

Key takeaways

It is not sensible to signal either pause or rate cut for the time being, given the exceptional amount of uncertainty.

ECB is well advised to remain flexible.

Current data and forecasts suggest mission accomplished for the ECB.

But we must retain full optionality on interest rates.