ICYMI – ECB big gun Nagel says may be more rate hikes on the way if data indicates a need

<p>Joachim Nagel is president of the Deutsche Bundesbank and thus a key member of the Governing Council of the European Central Bank.</p><p>Comments of his hit the new wires on Thursday:</p><ul><li>“We have done a lot by implementing 10 hikes so far,” </li><li> “Maybe more will be on the way if the data indicate that further action is warranted.”</li></ul><p>The comments were from an interview given a couple of weeks again but were trotted out overnight. German inflation was in the news:</p><ul><li><a href="https://www.forexlive.com/news/germany-september-preliminary-cpi-45-vs-46-yy-expected-20230928/" target="_blank" rel="follow" data-article-link="true">Germany September preliminary CPI +4.5% vs +4.6% y/y expected</a></li></ul><p>As head of the Buba Nagel is a hawk. Its compulsory for a Buba head. </p>

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