ECB’s Nagel uncertain if rate plateau is reached

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<p>ECB Governing Council, Joachim Nagel, Bundesbank head, posed a crucial question in his speech in Frankfurt, &#8220;Have we reached the plateau&#8221; on interest rates? He answered by stating that it &#8220;cannot yet be clearly predicted&#8221;. He continued, elaborating that &#8220;the forecasts still only show a slow decline toward the target level of 2%.&#8221; Nagel&#8217;s comments [&#8230;]</p>
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