ECB’s Nagel Defends Cautious Stance, War Inflation

ECB Governing Council member Joachim Nagel reiterated the central bank’s cautious, wait‑and‑see monetary policy as not a sign of hesitation.
Nagel said lack of clear price‑outlook improvement justifies keeping the option for a rate hike open.
Bundesbank president warned a prolonged war could sustain elevated inflation, challenging the ECB’s ability to control price pressures.