ECB's Nagel Says He's Open to Consider October Rate Cut

ECB's Nagel Says He's Open to Consider October Rate Cut

Bundesbank Chief Joachim Nagel is open to discussing an interest-rate cut at the upcoming ECB meeting. His stance is significant as he is known for being hawkish, increasing the likelihood of a rate reduction. Nagel highlighted positive trends in inflation but noted that core inflation remains resilient.

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