For me, it's far too early to think about a pause, says Joachim Nagel, member of the Governing Council of the European Central Bank and President of the Bundesbank, speaking on the sidelines of the Federal Reserve Bank of Kansas City's annual economic policy symposium in Jackson Hole. He considers that inflation is still too high in Europe, and points out that economic activity has slowed on the continent after 9 rate hikes.
(MT Newswires)
