Reply To: Central Bank Watch – RBA, BOC Surprise Hikes Ahead of FOMC


Bundesbank & ECB’s Joachim Nagel:

– Not certain rates will peak this summer
– Underlying price pressure remain far too high, showing little sign of abating
– Several more rate hikes are still necessary
– Rate must be held until there is no doubt that inflation is returning to 2% in near term
– Cautiously optimistic about #German growth prospects over the rest of the year