ECB's Nagel: Rate hikes are not necessarily over

<figure data-media-><img src="https://images.forexlive.com/images/ECB%20AI_id_f5ad1feb-7f06-47b6-b7ba-a694f7b96abf_size900.jpg" width="1057" height="604" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/ECB%20AI_id_f5ad1feb-7f06-47b6-b7ba-a694f7b96abf_size900.jpg" /></figure><ul><li>Would have to hike again if inflation outlook worsened</li><li>Premature to discuss about rate cuts, would prefer to err on the side of caution</li><li>Inflation outlook is encouraging but core inflation dynamics continue to be strong</li></ul><p>They're still trying to keep the door open for tightening further but in all likelihood, they are pretty much done. The resilience in the economy in Q4 is still casting a bit of doubts on that but it would require a dramatic change to the inflation outlook to warrant more rate hikes at this stage.</p><p><br></p>

This article was written by Justin Low at www.forexlive.com.