Interest rates

ECB’s Nagel says interest rates could soon rise

FRANKFURT, April 6 (Reuters) – Inflation in the euro zone is high and the European Central Bank may soon have to raise interest rates, Bundesbank President Joachim Nagel told business magazine ‘plusminus’ on Wednesday. of the ARD television channel.

“What we’re seeing right now suggests savers can expect higher interest rates soon,” Nagel said, according to the show’s transcript.

Reporting by Balazs Koranyi Editing by Chris Reese



Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.