ECB’s Nagel says several interest-rate hikes still needed

“The course of monetary policy tightening has not yet come to an end,” Nagel said. — Bloomberg

BERLIN: The European Central Bank (ECB) will need more interest rate increases to bring inflation under control, according to Bundesbank president Joachim Nagel.

“The course of monetary policy tightening has not yet come to an end,” Nagel said in Berlin yesterday.