ICYMI – ECB's Nagel says to expect a rate hike at the July meeting, September data driven

<p>Germany's Bundesbank President and European Central Bank Governing Council member Nagel spoke on Monday.</p><p>Key points:</p><ul><li><p>
Transmission may be taking longer than in the past</p></li><li><p>Reiterates that a
hard landing is unlikely</p></li><li><p>Too early to declare
victory over inflation</p></li><li><p>Core inflation in
euro zone is ‘very sticky’</p></li><li><p>Don’t currently
see risk of overtightening</p></li><li>“We have to hike next time and I expect another 25 basis-point hike for the July meeting” </li><li>“For the September meeting, we will see what the data will tell us”</li></ul><p>–</p><p>The ECB July meeting is next week:</p>

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