ECB’s Nagel: Upward Risks Dominate The Inflation Outlook; Uncertainty Calls For Flexibility, Not Inaction

There Are So Far No Clear Signs That Inflation Has Fed Through To Price And Wage Setting Germany Has Entered Gradual Recovery ECB Decides Based On Data, Meeting By Meeting Strong Case For Central-Bank Diversification Into Gold Uncertainty Calls For Flexibility Not Inaction Euro-Area Growth Has Been More Resilient Than Expected Germany May See Around 18 Growth This Year