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via reuters.comEconomy

Bundesbank's Nagel backs another ECB rate hike in December

FROM THE WIRE · REUTERS.COM

Another European Central Bank rate hike in December seems almost inevitable, Bundesbank President Joachim Nagel said on Tuesday, joining an already long list of ​policymakers backing the move, which would be the bank's third ‌this year.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishAn expected ECB rate hike in December can weigh on European equities and pressure euro bond prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bundesbank President Joachim Nagel says another ECB rate hike in December seems almost inevitable.
  2. 02The move would be the bank's third this year.
  3. 03Nagel joins a long list of policymakers backing the move.

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