The Zhitong Finance App learned that ECB Management Committee member and Bundesbank President Joachim Nagel said that if energy prices continue to be high, the ECB may have to raise interest rates to a level that inhibits economic growth. “If we face high energy prices like today for a long time, I cannot rule out the possibility that we will have to enter a moderately restrictive range of monetary policy,” Nagle said on Tuesday. Although he added at the same time, it is still too early to judge this.

The Zhitong Finance App learned that ECB Management Committee member and Bundesbank President Joachim Nagel said that if energy prices continue to be high, the ECB may have to raise interest rates to a level that inhibits economic growth. “If we face high energy prices like today for a long time, I cannot rule out the possibility that we will have to enter a moderately restrictive range of monetary policy,” Nagle said on Tuesday. Although he added at the same time, it is still too early to judge this.