ECB’s Nagel: Central bank will take decisive action if needed to bring inflation down

The comments from European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel released during Friday’s European session on Bloomberg signal that the central bank is committed to a chieve price stability.

Comments

ECB will take decisive action if needed to bring inflation back to target.

Consumer-price growth has picked up again.

Can’t be ruled out that prices will continue to rise in the coming weeks.

Higher energy costs being a major contributing factor.