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Bundesbank President Joachim Nagel warns Germany's slow natural gas inventory buildup poses significant inflation risks, with storage levels at 59%, the lowest since 2009, amid rising energy costs dri
Bundesbank President Joachim Nagel stated Eurozone inflation remains high despite energy costs not yet impacting wages. He warned that low gas storage, refining capacity loss, and fertiliser shortages
Bundesbank President Joachim Nagel stated oil prices are increasingly critical for ECB interest rate decisions as energy costs peak near severe scenarios. Policymakers weigh inflation risks against la
The Bundesbank forecasts a slight Q3 slowdown before stronger recovery by year-end, noting persistent high energy prices continue to drive inflation above the ECB target.
Bundesbank President Nagel stated the ECB will keep options open for July, ready to act if Iran-war-induced energy price surges spread, as inflation exceeds targets.
Bundesbank President Joachim Nagel stated the ECB could raise rates in June if inflation remains high, noting oil prices above $110/barrel and geopolitical conflicts as drivers.
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