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ECB’s Nagel: If needed, central bank will act decisively to lower inflation
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.
What Did Nagel Say?
If necessary, the ECB will act decisively to return inflation to its target.
Growth in consumer prices has accelerated again.
Further price rises in the coming weeks cannot be ruled out.
A major factor behind the increase is higher energy costs.
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