Member of the European Central Bank (ECB) Governing Council and Bundesbank President Joachim Nagel stressed on Thursday that he was "fairly certain" the inflation effect caused by tariffs will be "stronger in the United States than in Europe.""As far as economic growth is concerned, which of...
Member of the European Central Bank (ECB) Governing Council and Bundesbank President Joachim Nagel stated on Wednesday that Germany entering a recession in 2025 cannot be excluded, but insisted that its economy "will do much better" in the coming years.Speaking to Bloomberg, Nagel praised...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank (Buba) President Joachim Nagel stated on Thursday that the ECB will have to "reassess the situation" after the United States' latest tariff announcement."Tariffs will put the monetary policy progress to the test,"...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank (Buba) President Joachim Nagel insisted on Monday that it is "crucial" to keep public finances "solid" both in the Eurozone and Germany.Speaking before the Berlin School of Economics, Nagel outlined his proposal...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel said on Tuesday that the German economy can expect a "slight economic recovery" over the course of the year but that there is currently "no meaningful upswing in sight," warning...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel said on Monday that his country's economy would "suffer considerably" from a policy shift in the United States, brought on by US President Donald Trump's proposed tariffs."Our strong...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel emphasized the significant financial demands of the European Union’s transition to a greenhouse gas-neutral economy in a speech at the Adam Smith Business School on Thursday.Nagel...
Member of the European Central Bank (ECB) Governing Council and Deutsche Bundesbank President Joachim Nagel said on Wednesday that gradualism in setting monetary policy was called for as the ECB's easing cycle neared the neutral rate."The closer we get to the neutral rate, the more...
Deutsche Bundesbank President Joachim Nagel underlined on Friday in a speech that it is clear the German economy is going through a "pronounced [period of] weakness," with gross domestic product expected to increase only 0.2% in 2025.He stressed that the next federal government needs to...
Germany's economic outlook remains bleak, with stagnation expected for the final quarter of 2024 amid persistent industrial and construction slowdowns, Deutsche Bundesbank President Joachim Nagel said on Monday. In his latest speech, Nagel stressed that ongoing trade uncertainties,...
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