Bundesbank president: it is too early to talk about the future of monetary policy

It was announced on Friday, than expected weaker assessment confirmed the current difficulties of the German economy.

Nagel emphasized that the new economic forecasts due before the December 12 interest rate decision meeting of the ECB will be key in shaping monetary policy.

For this reason, according to the president of the central bank, it would be too early to talk about concrete steps, despite the fact that further interest rate cuts are expected in the next year.

The head of the Bundesbank pointed out that although the economic outlook is not very encouraging, it will be important for ECB decision-makers wait for the December forecastsbefore deciding on the rate and timing of the interest rate cut.

Source: Reuters

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