ECB Shouldn't Be Complacent About Inflation, Nagel Says

Posted on 07/01/2025
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The European Central Bank "shouldn't be too complacent" about having brought inflation under control, ECB Governing Council member Joachim Nagel tells Bloomberg's Francine Lacqua in Sintra, Portugal. He also discusses volatility brought on by geopolitics and stresses the need to reduce trade uncertainty. Nagel also talks about the importance of making the euro more attractive to investors.

00:00 - Joachim Nagel ECB close to inflation target, shouldn't be complacent, neutral territory
02:29 - Volatility, oil prices, trade, geopolitics
03:14 - Euro appreciating against the dollar, exchange rate
04:07 - Trade frontloading, tariffs, need to reduce uncertainty
06:28 - ECB scenario analysis
08:05 - Capital market union, banking, savings and investment union, need to make euro more attractive to investors

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