Bundesbank chief says rising oil prices increasingly matter for ECB
Bundesbank President Joachim Nagel said oil prices are an increasingly important indicator for ECB policymakers when setting interest rates, though other factors also play a role. He spoke after markets raised rate-hike bets on expensive energy.
Oil prices are becoming an increasingly important indicator for ECB policymakers when setting interest rates, Bundesbank President Joachim Nagel said on Tuesday, after markets raised bets on rate increases on expensive energy. Nagel said other factors also play a crucial role. The ECB has already lifted its key rate twice this…