ECB Nagel: - We are in calm waters regarding inflation, policy is in neutral territory - I hope the tariff discussion will conclude positively - The euro is not overvalued against the dollar
ECB's Nagel: We're In Calm Waters On Inflation
ECB's Nagel: The Euro is not exceptionally high against dollar.
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.
