ECB’s Nagel: Close to terminal rate, but nobody knows

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<p>Bundesbank President Joachim Nagel, in his remarks at a conference overnight, suggested an element of uncertainty regarding further ECB rate hikes, adding that will be &#8220;data driven.&#8221; However, he expressed a belief that ECB is &#8220;close to that level we see as the terminal rate,&#8221; and added, &#8220;rates will stay where they are for a [&#8230;]</p>
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