European Central Bank (ECB) Governing Council member and Bundesbank President Joachim Nagel said on Wednesday that speculations over future interest rate cuts by 25 basis points or even more "are not helpful."
In an interview with CNBC, the central banker further noted that the ECB should maintain its "data-dependent approach" to monetary policy.
Additionally, he stressed that he is convinced that the central bank is "more or less" on the right path to meet the 2% inflation target, but he warned that the inflation trend could reverse by the end of the year.
