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ECB's Nagel Says 3.8% Inflation Has Not Yet Triggered Clear Second-Round Effects

ECB policymaker Joachim Nagel said InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More at 3.8% has not yet produced clear second-round effects. The comments suggest that policymakers are monitoring whether higher prices begin to feed into wages and broader inflation expectations.

Bundesbank President and ECB policymaker Joachim Nagel said euro-area inflation is high and risks remain tilted upward, but there are not yet clear signs that the energy shock has fed into broader wage and PriceThe most recent agreement between a buyer and a seller. It is not a prediction; it is the market’s latest handshake.Read More setting. Euro-area inflation is running at 3.8%, nearly twice the ECB's 2% target. Nagel said longer-term inflation expectations remain anchored around the target while warning about risks from gas prices, constrained refining capacity and other SupplyHow much sellers are willing to offer at a given price. More eager sellers can lean on price.Read More pressures. He stopped ShortA position that benefits if price falls. You sell first, then aim to buy back lower—carefully, because losses can grow if price rises.Read More of committing to a specific future rate increase, favouring a data-dependent approach.

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