Business · Economy · 6 hrs ago
Bundesbank chief Nagel says an ECB rate rise in December is likely
Bundesbank President Joachim Nagel says an ECB rate rise in December is likely.
The European Central Bank sets monetary policy for countries that use the euro.
Eurozone inflation remains far from the level policymakers want.
The source does not give an inflation figure or explain how far it is from that goal.
Nagel has a clear view on what the ECB should do, though the details of his view are not provided.
The December decision will determine whether the ECB raises rates.
The source does not say what the bank will decide.
Bundesbank President Joachim Nagel said an increase in European Central Bank interest rates in December is likely.
He said a rate rise would be very likely necessary under current estimates.
Nagel said a rise would be hard to avoid unless the inflation outlook improves significantly.
The ECB Governing Council is scheduled to make its next monetary policy decision on December 17.
- Who
- Joachim Nagel, president of the Bundesbank and a member of the ECB Governing Council.
- What
- He said an ECB interest-rate increase in December is likely.
- When
- He made the remarks on November 3, 2026. The ECB's next decision is scheduled for December 17.
- Where
- Berlin.
- Why
- The inflation outlook has worsened, and Nagel said a rate rise would be hard to avoid unless it improves significantly.
This story does not have two clearly opposing sides.
Nagel said in Berlin that an ECB rate increase in December was likely.
The ECB Governing Council is scheduled to make its next monetary policy decision.
- Speaker
- Joachim Nagel
- Role
- Bundesbank president and ECB Governing Council member
- Likely policy move
- ECB interest-rate increase in December
- Next decision
- December 17, 2026
- Statement location
- Berlin
5 sources
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What people are saying
At the current state, an increase in interest rates will hardly be avoidable unless the inflation outlook improves significantly.
Very likely necessary.