ECB's Nagel: We must be cautious about future rate moves

  • Remarks by ECB policymaker, Joachim Nagel
  • Rates are on a mountain ridge, not a peak
  • We still have to find the right point for a further descent
  • We must remain cautious
  • Uncertainty about future economic and price trend remains high

The language continues to suggest that they will be pausing in July, as per what is expected at the moment.

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