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ECB‘s Nagel: let’s raise rates, we can talk about size
Abstract：KOENIGSWINTER, Germany (Reuters) – The European Central Bank should start raising interest rates but the size of the increase is still up for discussion, ECB policymaker Joachim Nagel said on Friday.
div classBodysc17zpet90 cdBBJodivpKOENIGSWINTER, Germany Reuters – The European Central Bank should start raising interest rates but the size of the increase is still up for discussion, ECB policymaker Joachim Nagel said on Friday.p
p“It is important in such a situation to start the whole process by raising rates, thats of the utmost importance to me – the rest we will discuss at the next Governing Council meeting,” Nagel told reporters at the end of a G7 meeting.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pHe had been asked whether he would support raising the ECBs deposit rate by 50 basis points.p
pNagel also said the first hike should come in July and further moves could follow soon.p
p
pp Reporting By Francesco Canepa Editing by Raissa Kasolowskyp
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