German Central Bank President Nagel's Statement on ECB Rate Hike

German Central Bank President Joachim Nagel stated that if current economic conditions persist, the European Central Bank may have to raise interest rates again.

Possibility of Rate Hike

German Central Bank President Joachim Nagel said that if current conditions continue, the European Central Bank may have to raise interest rates again.

Statements in Bangkok

Nagel, who is in Bangkok for the annual meeting of the International Monetary Fund, reminded reporters that they have raised policy rates twice.

Nagel emphasized that they certainly do not rule out the possibility that they may need to take new steps if the situation continues as it is.

Market Expectations

The European Central Bank has made two tightening moves so far within the scope of the current rate hike cycle.

Markets largely expect the bank to raise interest rates by another 25 basis points at its monetary policy meeting in December.