European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel commented on the interest rate outlook during his scheduled appearance on Thursday.
Nagel said that “rates must stay sufficiently high for sufficiently long.”
Market reaction
At the time of writing, EUR/USD is trading near 1.0660, attempting recovery from six-month lows, modestly flat on the day.
Source: https://www.fxstreet.com/news/ecbs-nagel-rates-must-stay-sufficiently-high-for-sufficiently-long-202309210826