ECB's Nagel says inflation is slowing, but its not yet at level desired by the Bank

<p>Germany's Bundesbank President (and European Central Bank Governing Council member) Nagel spoke at&nbsp;a youth event in Frankfurt on Saturday. He spoke mainly on German fiscal matters but did add, on the European Central Bank:</p><ul><li>that the Bank's rate hikes were impacting on the economy, slowing inflation</li><li>but that inflation is not yet back down to a level where the ECB wants it</li></ul><figure data-media-><img src="https://images.forexlive.com/images/ECB%27s%20Nagel_id_93fae68c-958f-41b0-a08f-d35ff7c2a3d9_size900.jpg" alt="ECB's Nagel" width="1920" height="1080" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/ECB%27s%20Nagel_id_93fae68c-958f-41b0-a08f-d35ff7c2a3d9_size900.jpg" /><figcaption><div>ECB's Nagel</div></figcaption></figure><p><br></p><p><br></p><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.