ECB's Nagel remains cautious on next rate move

FXStreetMay 27, 2025 4:57 PM

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Bundesbank President Joachim Nagel struck a measured tone on the path ahead for interest rates, saying it remains too soon to decide on a further cut next month.

Key Quotes

It's too early to say if the ECB will cut rates again next month.
The euro area's 2% inflation target is within reach.
Inflation could be higher or lower than previously seen.
Forecasts are based on less solid ground than usual.
I'm keeping a close eye on inflation expectations.
Germany saw a lot of trade frontloading in Q1.

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