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ECB’s Nagel: Central bank will act decisively to lower inflation if necessary

The European Central Bank (ECB) remains committed to achieving price stability, according to comments from ECB policymaker and Bundesbank President Joachim Nagel carried by Bloomberg during Friday’s European session.

ECB Signals Readiness to Act

If necessary, decisive action will be taken by the ECB to return inflation to target.

Growth in consumer prices has accelerated once more.

Further price rises over the coming weeks cannot be ruled out.

A major contributor is the increase in energy costs.

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