Nagel: Rate cuts will be implemented sooner or later - Breaking The News
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Nagel: Rate cuts will be implemented sooner or later

EPA-EFE/JAVIER LIZON

European Central Bank Governing Council member and Bundesbank President Joachim Nagel said on Wednesday that interest rate cuts "will come sooner or later."

Speaking at a reception in Davos, Nagel noted that the ECB has been able to accomplish "a lot" to ease inflation and avoid prices jumping even more.

The Bundesbank president also mentioned that he expects more from Germany in terms of growth despite the "structural issues" the country has and he estimated that 2024 "appears to be a little better" while 2025 "looks better still."

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