ECB's Nagel: Price pressure in Eurozone could continue for some time
Source Fxstreet
In an interview with WiWo on Wednesday, European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said that price pressures in the Eurozone could continue for some time, per Reuters.
"It's not completely clear if the inflation rate will reach 2% target next year and stay at this level," Nagel added and noted that he expects a "slight growth" in German economy in 2024.
Market reaction
These comments don't seem to be impacting the Euro's valuation in a noticeable way. At the time of press, EUR/USD was up 0.15% on the day at 1.0635.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?TradingKey - In 2025, gold prices steadily climbed, posting a stunning 56% gain; silver's rally was even more potent, surging over 100% year-to-date and breaching the $61 mark. Since November, copper
TradingKey - In 2025, gold prices steadily climbed, posting a stunning 56% gain; silver's rally was even more potent, surging over 100% year-to-date and breaching the $61 mark. Since November, copper
Solana (SOL) targets a breakout above $145 as four days of ETF inflows, rising futures open interest, and growing on-chain liquidity signal a return of bullish momentum.
Bitcoin has reclaimed the $94,000 mark, suggesting a possible short-term bullish uptrend, despite concerns over liquidity.
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
TradingKey - Global oil prices extended declines Tuesday, erasing last week's gains. WTI and Brent crude futures fell further, pressured by renewed Iraqi supply and Saudi price cuts, despite looming F
