ECB’s Nagel: Confident inflation expectations can return to levels we want to see


ECB’s Nagel is on the wires saying he

  • is convinced that inflation expectations can return to the levels we want to see
  • We are very far from a normalization of monetary policy

Note the “expectations”. It’s not inflation. Inflation will remain above the 2% target for some time. There may be a slowdown but hopes are on the side of “expectations”


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