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ECB's Nagel: Closer we get to the neutral rate, the more appropriate for gradual approach

ECB's Nagel: Closer we get to the neutral rate, the more appropriate for gradual approach

Central Banks
Greg Michalowski
12/02/2025 | 17:39 GMT
  • Bundesbank Chief Nagel is speaking
ECB's Nagel
ECB's Nagel

ECBs Nagel:

  • The closer we get to the neutral rate the more appropriate for a gradual approach.
  • The limits of the neutral rate concept are clear, risky to base policy decisions mainly on R-star estimates.

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