ECB's Nagel says policy must be more stubborn than inflation is, sees no recession coming

<p>Germany's Bundesbank President (and ECB Governing Council member) Nagel speaking in a TV interview.</p><ul><li>European labour market is strong</li><li>much too early to think about a rate-hike pause</li><li>ECB must be stubborn on policy, more stubborn than inflation is</li></ul>

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