ECB’s Nagel Says Inflation Calm, Policy Now Neutral

European Central Bank Governing Council member Joachim Nagel said the euro-zone is "in calm waters" on inflation and that the ECB’s policy stance has moved into "neutral territory," signalling no immediate need for further rate changes after the central bank’s recent tightening cycle. Speaking on 1 July, the Bundesbank president added that the euro is "not exceptionally high" against the dollar, downplaying concerns that currency strength could hinder growth. He also expressed hope that ongoing tariff negotiations would reach a positive conclusion.