A post by @FirstSquawk on X.
ECB'S NAGEL SAYS IT'S CLEAR WE NEED TO RAISE RATES IN DECEMBER.
@FirstSquawk on X
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ECB Governing Council member Joachim Nagel said it is clear the central bank must raise interest rates at its December meeting, according to a First Squawk post on X. The remark signals continued support for tighter policy among hawkish officials even as the eurozone growth outlook softens. It matters because it shapes expectations for the ECB's December decision and the pace of further normalization. Traders will watch incoming eurozone inflation and wage data, along with comments from other Governing Council members, for confirmation of the December move.
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Named in this story
ECB, Nagel