Soaring inflation within the eurozone intended the European Central Bank might soon need to deliver a cease to its long-status coverage of bad interest rates, the top of the German important bank said Friday. “It’s for sure that negative interest rates are a thing of the past,” Joachim Nagel said after a meeting of G7 … Read more
Christine Lagarde, the head of the European Central Bank, hinted on Wednesday at a first interest rate hike in July to cover soaring inflation, loading the actions of other major central banks and signaling the end of the eurozone’s cheap money era. The ECB must end its bond-buying stimulus “early in the third quarter” and … Read more
FRANKFURT: The German cabinet approved the nomination of career central banker Joachim Nagel as the new head of the Bundesbank on Wednesday, as the EU’s top economy comes under pressure from inflation and Omicron. In Nagel, Germany has a “noted economist and proven financial markets expert” who will “carry forward the Bundesbank’s stability-oriented legacy”, government spokesman … Read more
