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ECB'S NAGEL: TIMELY RETURN TO PRICE STABILITY CANNOT BE TAKEN FOR GRANTED

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The European Central Bank (ECB) policymaker Joachim Nagel said on Thursday that the ECB should avoid lowering interest rates too fast because it has yet to bring inflation down to 2% even if that goal is now in sight, per Reuters. 

Key quotes

There is the risk that a somewhat stronger recovery could delay a return to the inflation target.

While our 2% target is in sight, we have not reached it.

A timely return to price stability cannot be taken for granted.



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